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Last updated on April 20, 2014 at 13:20 EDT

Latest GMAC Stories

2012-02-28 09:00:00

KatalystFP, LLC, the premier provider of alternative medical and receivables financing solutions would like to announce the formation of a strategic alliance with United Capital Source, LLC, another leader in the small business financing industry. Commack, New York (PRWEB) February 28, 2012 KatalystFP, LLC, the premier provider of alternative medical and receivables financing solutions would like to announce the formation of a strategic alliance with United Capital Source, LLC, another...

2012-02-09 09:49:00

DETROIT, Feb. 9, 2012 /PRNewswire/ -- As Crain's Detroit Business' Newsmakers of the Year, Saad Chehab and Sue Mosey are bringing new life to the city, their industries, and the people of Detroit. Saad Chehab, CEO of Chrysler Group LLC's Chrysler Brand, has driven Chrysler's new tagline: 'Imported from Detroit' straight into the heart of Detroiters and car- lovers, alike. As the brains behind Chrysler's SuperBowl XLV commercial featuring rapper, and Detroit-native, Eminem, Chehab casted the...

2012-02-06 11:40:00

DETROIT, Feb. 6, 2012 /PRNewswire/ -- Nearly half of dealers surveyed by Ally Financial at the 2012 National Automobile Dealers Association (NADA) Convention expect their sales to increase by 10-20 percent this year, and almost another third are even more bullish in expecting sales to grow greater than 20 percent. (Photo: http://photos.prnewswire.com/prnh/20120206/DE47947 ) Nearly 75 percent of dealers surveyed expect consumer confidence to be the key in sustaining sales momentum,...

2012-02-03 07:15:00

DETROIT, Feb. 3, 2012 /PRNewswire/ -- Ally Financial ranked number one in financing consumer auto sales in the U.S., according to AutoCount by Experian Automotive. Ally accounted for more than one in every eleven vehicles financed in the U.S. in 2011, with more than $40 billion in consumer financing contracts for new or used cars and trucks. Ally is also a leading provider of commercial financing for auto dealers, including dealer inventory and other loans, with about $29...

2012-02-01 07:00:00

LUTON, England, Feb. 1, 2012 /PRNewswire/ -- SsangYong Motor UK Ltd has selected GMAC UK plc, a subsidiary of Ally Financial Inc., to be its preferred financing provider for SsangYong vehicles in the UK. GMAC UK will provide wholesale financing for dealers and retail financing for customers. Paul Williams, CEO of SsangYong Motor UK, said: "We are delighted to have appointed GMAC after a rigorous selection process. Working with GMAC will support the growth of our business and help our...

2012-02-01 05:45:00

AUBURN HILLS, Mich., Feb. 1, 2012 /PRNewswire/ -- Chrysler Group full year 2011 net income improved to $183 million from a net loss of $652 million in 2010 and despite a $551 million loss on extinguishment of debt in Q2 2011; fourth quarter net income was $225 million, the highest quarterly net income since the Company began operations in 2009 Net revenue for the year was $55.0 billion, up 31 percent from a year ago; fourth quarter net revenue increased 41 percent to $15.1 billion...

2012-01-30 07:00:00

SOUTHFIELD, Mich., Jan. 30, 2012 /PRNewswire/ -- Open Dealer Exchange, LLC, a technology leader that streamlines the auto buying process for lenders, F&I product providers and dealers, today announced a partnership for integration with VW Credit, Inc. (VCI), the captive finance company which provides competitive financial products and services specifically to Volkswagen and Audi dealers and their customers throughout the U.S. The partnership includes processing credit application and...

2012-01-23 08:15:00

DETROIT, Jan. 23, 2012 /PRNewswire/ -- The Vehicle Production Group LLC (VPG) selected Ally Financial as the preferred financing provider for VPG vehicles in the U.S. Ally Financial will offer wholesale financing, floorplan insurance and remarketing services for VPG dealers, as well as retail financing for their customers. VPG introduced the MV-1 mobility vehicle in September 2011. It is the first factory-built mobility vehicle that is compliant with American Disabilities Act guidelines,...

2012-01-11 14:00:00

LOS ANGELES, Jan. 11, 2012 /PRNewswire/ -- Payoff.com secured a $2 million financing round led by Anthemis Group, Firstmark Capital, Great Oaks Venture Capital and several individual investors from Wall Street. Since inception, Payoff has raised a total of $5.8 million. Payoff has been well received since its 2011 debut as an engaging alternative to help individuals gain control of their financial lives in a supportive online community. Using a unique blend of cutting...

2012-01-05 01:45:00

AUBURN HILLS, Mich., Jan. 5, 2012 /PRNewswire/ -- Chrysler Group LLC today announced that Fiat S.p.A.'s ownership interest in the Company has increased to 58.5 percent, from 53.5 percent (fully diluted), upon the Company's achievement of the final of three performance-related milestones. As provided in its June 10, 2009 Operating Agreement, Chrysler Group issued a letter to the U.S. Department of the Treasury stating that the Company has irrevocably committed to begin assembly of a vehicle...