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Latest GMAC Stories

2012-08-21 10:21:59

PHILADELPHIA, Aug. 21, 2012 /PRNewswire-USNewswire/ -- Labor & Industry Secretary Julia Hearthway today announced the findings and recommendations of the Governor's Manufacturing Advisory Council while visiting Edison/Fareira High School in Philadelphia. Hearthway was joined in making the announcement by Michael Pearson, president of Union Packaging in Yeadon, and also a member of the Governor's Manufacturing Advisory Council. Union Packaging manufactures paperboard packaging products...

2012-08-21 10:21:55

PITTSBURGH, Aug. 21, 2012 /PRNewswire-USNewswire/ -- Department of Community and Economic Development Secretary C. Alan Walker today joined manufacturing leaders to announce the findings and recommendations of the Governor's Manufacturing Advisory Council (GMAC) during a visit to the United States Steel Corporation's Mon Valley Works Training Hub in Duquesne. Earlier today, Governor Tom Corbett announced the council's findings and recommendations during a visit to Westport Axle in the...

2012-08-15 06:20:51

DETROIT, Aug. 15, 2012 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced that Gerald Greenwald and Henry S. Miller have been elected to its board of directors. The appointments, as well as the re-election of the current members of the Ally board, occurred earlier today at a meeting of Ally's common stockholders. "Gerald and Henry are valued additions to the Ally board," said Ally Chairman Franklin (Fritz) Hobbs. "They bring extensive experience from both the financial and auto...

2012-08-06 06:20:11

DETROIT, Aug. 6, 2012 /PRNewswire/ -- SmartAuction, Ally Financial's online used vehicle auction, just sold its 4 millionth vehicle. Established in 2000, SmartAuction is a wholesale internet remarketing channel for dealers, rental car companies and other consignors seeking to sell or purchase quality used vehicles. "We're pleased to mark a milestone as significant as selling 4 million vehicles in a pure upstream online-only auction," said Steve Kapusta, vice president of SmartAuction....

2012-08-01 02:20:34

NEW YORK, Aug. 1, 2012 /PRNewswire/ -- Strong performance in auto finance and direct banking franchises drives core pre-tax income of $533 million, excluding ResCap-related items Second quarter 2012 net loss of $898 million and core pre-tax loss of $753 million, including impact of previously announced ResCap-related items ResCap bankruptcy case continues to move forward Exploring strategic alternatives for all international businesses Ally Financial Inc. (Ally) today reported a net...

2012-07-30 06:21:52

AUBURN HILLS, Mich., July 30, 2012 /PRNewswire/ -- Chrysler Group LLC net income was $436 million in the second quarter, a 141 percent improvement over the Adjusted Net Income((a)) of $181 million a year ago Net revenue for the quarter was $16.8 billion, up 23 percent from $13.7 billion a year ago Modified Operating Profit((b)) grew to $755 million in the quarter, 49 percent higher than a year earlier Free Cash Flow((e)) for the quarter totaled $866 million; Cash((d)) ended the quarter...

2012-07-26 02:22:14

COLUMBUS, Ga., July 26, 2012 /PRNewswire/ -- To honor the brave men and women of the U.S. armed forces, Ally Financial has teamed up with Jay Automotive Group to provide $10,000 worth of backpacks and school supplies to children of Georgia military personnel. In cooperation with Operation Homefront Georgia, backpacks and school supplies will be delivered to children of Active Duty and National Guard military personnel throughout the state of Georgia. Military families from Fort Benning...

2012-06-26 02:20:48

AUBURN HILLS, Mich., June 26, 2012 /PRNewswire/ -- Knott was a former New Horizons board member and Chrysler Group Senior Vice President of Purchasing and Supplier Quality Support enables New Horizons to further its mission to help people with disabilities in Southeast Michigan The Chrysler Foundation announced today that it will provide annual support for New Horizons Rehabilitation Services' golf fundraiser in honor of Dan Knott, the late Senior Vice President of Purchasing and...

2012-06-25 06:23:02

TULSA, Okla., June 25, 2012 /PRNewswire/ -- Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that it signed a multi-year vehicle supply agreement with Chrysler Group, LLC "Chrysler Group." The agreement will allow Dollar Thrifty to source a portion of its annual vehicle purchases through Chrysler Group's 2015 program year. (Logo: http://photos.prnewswire.com/prnh/20020412/DTGLOGO) "Dollar Thrifty Automotive Group and Chrysler Group have had a long and mutually successful...

2012-06-20 10:24:03

BEVERLY HILLS, Calif., June 20, 2012 /PRNewswire/ -- Skyview Capital, LLC, a privately held investment firm headquartered in Beverly Hills, CA, announced today the successful sale of TRM Copy Centers, LLC, and its subsidiary, Solvport LLC, to Burroughs Payment Systems, a portfolio company of Marlin Equity Partners. TRM is the largest nationwide provider of self-service retail copy centers, while Solvport is a leading nationwide ATM and Kiosk outsourced services provider. Skyview acquired...