Ally

Ally to pay ResCap $2.1 billion to settle creditor claims

2:30 pm U.S. ET | May 23, 2013
Ally Financial, the auto lender majority-owned by the U.S. government, agreed to pay $2.1 billion to avoid lawsuits related to its bankrupt mortgage unit, Residential Capital.... Read More »

 

Ally clears barrier for IPO with plan to resolve mortgage claims

1:59 pm U.S. ET | May 14, 2013
Ally Financial moved closer to repaying its government bailout as the auto lender reached agreement with creditors of its bankrupt mortgage unit.... Read More »

 

Opel will offer cheaper loans after taking finance in-house

May 6, 2013 14:33 CET
Opel expects to boost the proportion of cars sold on financing with the offer of cheaper loans and leasing deals now that it has taken its German banking license back in-house.... Read More »

 

JIM HENRY

GM, Chrysler take opposite tacks on captives

12:01 am U.S. ET | May 1, 2013
Does a car company need to own a captive finance company? While GM and Chrysler Group came off similar experiences of being partners with Ally Financial after their old captives went away during restructuring, they have reached different conclusions.... Read More »

 

Ally Q1 profits boosted by auto finance business, one-time gains

9:52 am U.S. ET | May 1, 2013
Ally Financial said its first-quarter net income more than doubled from a year ago to $1.1 billion, driven largely by a one-time gain from the sale of Ally’s Canadian operations and higher profits in its auto finance business.... Read More »

 

GM's Akerson, Ally's Carpenter have pay, bonuses frozen by U.S.

9:22 am U.S. ET | April 27, 2013
The Treasury Department froze some 2013 pay for top executives at General Motors and Ally Financial, two companies yet to repay money received under special bailout terms during the financial crisis.... Read More »

 

JIM HENRY

Why car loans, mortgages are apples and oranges

12:01 am U.S. ET | April 24, 2013
Using questionable logic, the Consumer Financial Protection Bureau tends to equate mortgage brokers and auto dealers.... Read More »

 

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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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