-
Recent Posts
- Ford Motor Eliminates Model E in Profit Seeking About Face
- Wadda You Say? Personalized Sound at Nissan, Infiniti
- Bye Sauber – Hi Audi Revolut F1 Team
- Pre-Owned Vehicle Marketing – Stellantis, Cox Automotive
- Chinese Junk Watch Death Risk – Luyuan Youth ATVs
- ICE Vehicle Mobile Apps – Wide Satisfaction Differences
- Sports Betting Tax Revenues Soaring
- IndyCar Cheating – New Independent Officiating for 2026 Series
- Ford Expands Mustang Cup USA Series in 2026
- GM Canada Leadership Change – Jack Uppal new President
- Toyota Enhances Arizona Proving Ground
- Happy Nightmare! Holiday Travel to Set New Record
- First Look – $34,995 Subaru Uncharted EV
- Stellantis and Bolt Partner on Driverless Mobility
- Detroit Auto Show – Official U.S. Route 66 Centennial Project
Recent Comments
- Magna on its Share Repurchase Plan in reference to on Magna Posts Solid Q3 2025 Earnings Gain
- Daniel Ricciardo Global Ford Racing Ambassador on Ford Performance Rebranded as Ford Racing
- Gen 3 2026 Nissan Leaf Less than $30,000? | AutoInformed on Milestones – Nissan Begins Assembly of 2013 LEAF EV in Tennessee
- ACSI – Customer Satisfaction with Autos Dropping | AutoInformed on New DOGE Scorecard Announced to Track Trump
- Cadillac Off-Roader – Elevated Velocity | AutoInformed on Annals of Marketing – Cadillac Opulent Velocity Concept EV
Archives
Meta
Tag Archives: ally
Ally Settles Auto Loan Discrimination Case
The agreement is the first joint fair lending enforcement action by the Justice Department and CFPB, which Republicans and their Wall Street and banking cronies continue to fiercely resist. However, in AutoInformed’s view this is not exactly the strongest test case possible. Continue reading
Posted in litigation
Tagged ally, auto loan discrimination, autoinformed, autoinformed.com, cfpb, Ken Zino
Leave a comment
GM sells all of its Stock in Ally, formerly GMAC
GM’s plan is to put back in place a GMAC-like operation, dubbed GM Financial, with many of the companies coming from Ally, which was GMAC and went bankrupt at the onset of the Great Recession because of its reckless home lending practices. A controversial U.S. taxpayer-funded bailout ensued, one that has not been paid back. Continue reading
Posted in financial results
Tagged ally, autoinformed, autoinformed.com, gm financial, gmac, Ken Zino
Leave a comment
Ally Financial Pays Treasury $5.9 Billion, 70% of Taxpayer Debt
As a result, Ally has repaid the U.S. taxpayers $12.3 billion of the $17.2 billion investment that was made in the company when its reckless lending practices in the home mortgage market forced it into bankruptcy. Continue reading
Posted in financial results
Tagged ally, autoinformed, autoinformed.com, gmac, Ken Zino
Leave a comment
Taxpayer Owned Ally Financial Earns $1.2 Billion in 2012
“Our focus remains on delivering strong results from our leading franchises, completing our strategic transformation, gaining additional efficiencies in the business and repaying the U.S. Treasury investment,” said Ally Chief Executive Officer Michael A. Carpenter. Continue reading
Posted in auto news, financial results, news
Tagged ally, auto informed, autoinformed.com, automotive news, gmac, Ken Zino
Leave a comment
GM Buys Overseas Finance Business from Ally for $4.2 Billion
GM said that with addition of Ally’s international operations, GM Financial will be able to provide credit for customers and dealers in markets that make up about 80% of GM’s global sales. In essence, GM is recreating GMAC. Continue reading
Posted in auto news, economy, news analysis
Tagged ally, auto bailouts, auto informed, autoinformed.com, automotive news, finance, gm financial, Ken Zino, tarp
Leave a comment
Ally Financial Declares Dividends on Preferred Stock
The Ally Financial board of directors has declared a quarterly dividend on outstanding preferred stock effective 15 November 2012. A payment of approximately $134 million, or $1.125 per share, will go to the U.S. Treasury, which has invested $17.2 billion in keeping Ally, formerly GMAC, in business as a bank holding company. Continue reading
Posted in auto news, economy, financial results, news analysis, results
Tagged ally, auto bailout, auto informed, autoinformed.com, automotive news, gmac, Ken Zino
Leave a comment
U.S. Treasury Appoints Well-Known Ex Auto Finance Execs Gerald Greenwald and Henry Miller to Ally Board of Directors
Ally Financial said today that Gerald Greenwald and Henry S. Miller have been elected to its board of directors joining nine others. The U.S. Treasury directed appointments – it holds a majority interest in Ally- of the two well-known former auto executives, as well as the re-election of the current members of the board, occurred earlier at a meeting of Ally’s stockholders. Ally reported a net loss of $898 million for the second quarter of 2012, because of the bankruptcy of its home mortgage subsidiary, ResCap. Continue reading
Posted in auto news, news, people
Tagged ally, auto informed, autoinformed.com, automotive news, Ken Zino, rescap, taxpayer bailouts
Leave a comment
GM Bids on Ally’s International Auto Lending Business
The GM bid carries some potential risks for U.S. taxpayers, which still own a large part of the company. If GM buys the international Ally businesses, it could expand lending overseas, but not without potentially hurting liquidity. GM Financial’s consolidated assets could more than double, and it could incur substantial amounts of indebtedness, including secured debt. GM Financial’s ratio of adjusted assets to adjusted equity could more than double as well. It all depends on how much GM acquires, and then its ability to successfully run the new operations while integrating them into the larger company. Continue reading
Posted in auto news, economy, financial results, news analysis
Tagged ally, auto informed, autoinformed.com, automotive news, gm financial, Ken Zino
Leave a comment
Ally Squeals after Flunking New Fed Capital Stress Test
Taxpayers still own more than 70% of Ally, with the owner – the Fed – saying it does not have enough capital to endure a theoretical recession that would produce an unemployment rate of 13% percent, a 21% drop in housing prices and as economic slowdowns in Europe and Asia. This admittedly severe test – surpassing even the Bush Administration’s dismal record of economic stewardship – may or may not be anything more than an academic exercise.
In what I take to be a gratuitous insult to taxpayers, Ally said, “Further, the Federal Reserve has not objected to the ongoing payments of preferred dividends and interest on the trust preferred securities and subordinated debt.”
Darn right we expect you to pay interest on the loans. Continue reading
Ally, formerly Bankrupt GMAC, Files With SEC for IPO
Ally’s is one of the leading suppliers in the U.S. of wholesale dealer loans, and is the leading retail provider of vehicle finance. Ally’s taxpayer-financed bailout remains a vital aspect to the thus far successful reorganizations of General Motors and Chrysler. U.S. (and Canadian taxpayers) have large interests in those recovering automakers, as well. Continue reading
Posted in auto news, economy, results
Tagged ally, ally ipo, auto bailouts, auto informed, auto news, autoinformed, autoinformed.com, automotive news, GM, gmac, Ken Zino, u.s. treasury, zino
Leave a comment
General Motors Sells All of Its Ally Preferred for $1 Billion
General Motors Company (NYSE: GM) has sold of its preferred shares of Ally Financial Inc. for a total of $1.0 billion. Ally, formerly known as GMAC, is GM’s and Chryslers largest provider of automotive financing. Continue reading
U.S. Treasury to Sell $2.7 Billion of Ally Preferred Securities
As part of this corporate welfare program, Treasury invested a total of $17.2 billion in a failing Ally. This was the result of what critics called reckless lending practices in the home mortgage markets, which caused huge Ally losses when the housing bubble burst in 2009. Continue reading
Ally Selects NADA Guide for Used Vehicle Financing
The National Automobile Dealers Association (NADA) announced today that Ally Financial will use its used vehicle pricing information from the NADA Used Car Guide when underwriting consumer auto contracts in 38 states. Continue reading
Posted in auto news, marketing, prices
Tagged ally, auto informed, auto news, autoinformed, autoinformed.com, automotive news, Ken Zino, nada, nada used car guide, used car financing, used car sales, used vehicle, zino
1 Comment
