Maserati North America Selects Ally Financial as Preferred Finance Source

June 9, 2011

ENGLEWOOD CLIFFS, N.J., June 9, 2011 /PRNewswire/ — Maserati North America has selected Ally Financial to be its official preferred financing provider for Maserati vehicles in the U.S. and Canada. Ally Financial will offer wholesale financing and insurance for dealers, and retail financing and leasing for consumers.

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“Maserati completed an extensive search for a financial services provider. We chose Ally Financial based on its ability to meet the needs of our dealer network and our customers,” said Mark McNabb, president and CEO of Maserati North America. “Ally is an experienced and trusted source in the industry. The preferred financing relationship with Ally will support our brand and build customer loyalty.”

“Maserati dealers and their customers expect a high level of service, and that’s what we intend to provide,” said Bill Muir, president of Ally Financial. “We look forward to establishing a strong relationship with the network of Maserati dealers in the U.S. and Canada and to working with Maserati North America to offer attractive financing programs for their customers.”

Ally will offer both standard and incentivized retail financing for Maserati vehicles in the U.S. and Canada, and leases in the U.S. market. The company finances both new and used vehicle sales. Ally also has a remarketing service, SmartAuction, for dealers to post or purchase used vehicle inventory. Ally Financial and Maserati have entered into a multi-year agreement for the preferred financial provider services.

“This relationship will further diversify and expand our customer base, and demonstrates the breadth of our capability to serve luxury brands,” Muir said. “At Ally, our goal is to help dealers sell more vehicles and operate profitable businesses, while servicing customer accounts with world class care.”

About Maserati North America

Maserati North America, Inc., headquartered in Englewood Cliffs, N.J., is the exclusive distributor for Maserati branded vehicles and products in North America, In each Maserati vehicle, four adults can travel in an abundance of space and handcrafted luxury, while a race-bred V8 engine and six-speed adaptive automatic transmission delivers thoroughbred performance. Produced in limited numbers, Maserati automobiles can be found at 56 dealers across North America. Information is available at www.maserati.us, 1-800-My-Maserati, media needs at www.media.maserati.com .

About Ally Financial Inc.

Ally Financial Inc. (formerly GMAC Inc.) is one of the world’s largest automotive financial services companies. The company offers a full suite of automotive financing products and services in key markets around the world. Ally’s other business units include mortgage operations and commercial finance, and the company’s subsidiary, Ally Bank, offers retail banking products. With approximately $174 billion in assets as of March 31, 2011, Ally operates as a bank holding company. For more information, visit the Ally media site at http://media.ally.com.

For photos, please visit http://media.ally.com/.

    Sue Mallino - Ally Financial

    Jeffrey Ehoodin - Maserati North America

SOURCE Ally Financial Inc.

Source: newswire

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