Michael Carpenter

U.S. Treasury to cut Ally stake

10:56 am U.S. ET | Aug. 14, 2014
The Treasury Department plans to cut its stake in Ally Financial by selling stock on the open market in its first divestiture since the company's initial public offering in April....
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JIM HENRY

Ally moves closer to independence, cheaper money

12:01 am U.S. ET | June 25, 2014
Ally Financial will move one step closer toward independence from government ownership next month when two of its three remaining board members nominated by the U.S. Treasury step down from the board....
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EXECUTIVE COMPENSATION

CEO pay, like the industry, is rising

12:01 am U.S. ET | June 2, 2014
PPG Industries CEO Charles Bunch exercised stock options to top the list of the 35 highest-paid CEOs at publicly traded North America-based automotive companies. Like many CEOs, he received the bulk of his compensation from stock option and stock award gains. Not every executive on the list had success in the market....
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Ally Financial CEO Carpenter won't get pay hike, U.S. Treasury says

7:41 pm U.S. ET | April 2, 2014
The Obama administration is holding the total compensation unchanged this year for the head of bailed-out auto lender Ally Financial, the Treasury Department said on Wednesday....
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JIM HENRY

CFPB's roster of lender probes grows

12:01 am U.S. ET | Nov. 6, 2013
Ally Financial is just the latest auto lender to acknowledge the Consumer Financial Protection Bureau is investigating it with an eye toward enforcing the CFPB's interpretation of anti-discrimination laws....
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Ally’s Q3 net falls 76%, but auto operations flat

1:45 pm U.S. ET | Nov. 5, 2013
Ally Financial said today its auto finance volume and pretax income were flat in the third quarter, even as overall net tumbled due to special charges....
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Dealer Speaks - Defying Dad, by building on his legacy

Dealer Speaks - Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, second-generation dealers Ray and Rik Fregia have seen a 30 percent boost in sales this year, thanks largely to million-dollar overhauls at their three stores. Mon., September 15
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