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Last updated on April 20, 2014 at 17:20 EDT

Latest GMAC Stories

2012-01-02 08:00:00

FORT WASHINGTON, Pa., Jan. 2, 2012 /PRNewswire/ -- GMAC Mortgage, LLC (GMACM), today announced that it has donated a home to an Army veteran in Columbia, S.C. GMAC Mortgage worked with Military Warriors Support Foundation to match the veteran with the right home. The home was given to First Sergeant Peter Lara, who was wounded in action in November 2005. GMAC Mortgage provided a full rehab of the property, replaced all the flooring and added new appliances. Additionally, a garden was...

2011-12-20 10:50:00

In FY'11, Ex-Im authorized more than $1.2 billion in financing for Pa. businesses ERIE, Pa., Dec. 20, 2011 /PRNewswire-USNewswire/ -- Today, Fred P. Hochberg, the chairman and president of the Export-Import Bank of the United States (Ex-Im Bank) and Lorenzo Simonelli, the president and CEO of GE Transportation highlighted how Ex-Im Bank financing is supporting jobs at businesses of all sizes throughout Pennsylvania. (Logo: http://photos.prnewswire.com/prnh/20110414/MM83673LOGO)...

2011-11-14 11:03:00

DETROIT, Nov. 14, 2011 /PRNewswire/ -- Quicken Loans Inc. and its sister company Quizzle LLC, two Detroit-based companies committed to transforming downtown Detroit into a vibrant place to live, work and play, today announced they ranked #1 in the Detroit Free Press 'Top Workplaces in Michigan' list for the second consecutive year. Quicken Loans is the nation's largest online home lender and a top-five retail mortgage lender. Quizzle is a free online tool that helps consumers better...

2011-11-14 06:00:00

DETROIT, Nov. 14, 2011 /PRNewswire/ -- Ally Financial salutes 50 extraordinary dealers who have been named today as final nominees for the 2012 TIME Dealer of the Year honor. Ally is the exclusive sponsor of TIME Dealer of the Year. (Logo: http://photos.prnewswire.com/prnh/20110609/DE17177LOGO-c ) As part of its support for the program, Ally will make charitable contributions to local community causes on behalf of all 50 nominated dealers across the United States. In addition, the 2012...

2011-11-09 06:30:00

DETROIT, Nov. 9, 2011 /PRNewswire/ -- General Motors Co. (NYSE: GM) today announced third-quarter net income attributable to common stockholders of $1.7 billion, or $1.03 per fully diluted share. In the third quarter of 2010, GM's net income attributable to common stockholders was $2.0 billion, or $1.20 per fully diluted share. The full text of GM's press release (http://tinyurl.com/7lyq8wy) and supporting material have been posted to GM's media website, and its Investor Relations...

2011-11-07 08:00:00

DETROIT, Nov. 7, 2011 /PRNewswire/ -- Ally Financial Inc., the No. 1 overall retail automotive finance company in the U.S.(1), has expanded its financial literacy program, Ally Wallet Wise, to include a course on Auto Finance. This new curriculum is in addition to the courses on Budget, Credit and Banking & Investing and is designed to provide consumers with easy-to-understand information on car buying, leasing and options with auto insurance. (Logo:...

2011-11-07 07:30:00

SHANGHAI, Nov. 7, 2011 /PRNewswire/ -- SGM-Wuling has selected GMAC-SAIC as official preferred financing provider for its new passenger vehicle brand Baojun in China. GMAC-SAIC will provide wholesale financing for Baojun dealers and retail financing for customers. "The cooperation with GMAC-SAIC will help dealers to fund their inventory, while giving Baojun customers the opportunity to obtain retail financing through an experienced and trusted financing source in the industry," said Mr....

2011-11-02 07:00:00

NEW YORK, Nov. 2, 2011 /PRNewswire/ -- Ally Financial Inc. (Ally) today reported a net loss of $210 million for the third quarter of 2011, compared to net income of $113 million in the prior quarter and net income of $269 million for the third quarter of 2010. Core pre-tax income, which reflects income from continuing operations before taxes and original issue discount (OID) amortization expense primarily from bond exchanges, totaled $102 million in the third quarter of 2011, compared to...

2011-10-31 06:00:00

DETROIT, Oct. 31, 2011 /PRNewswire/ -- Ally Financial Inc. launches Ally Buyer's Choice, an industry-first product offering for U.S. dealers and customers on new 2011 and 2012 General Motors and Chrysler vehicles. Ally Buyer's Choice is an innovative financing product that delivers the best of both worlds for customers who want the advantages of both buying and leasing. Ally Buyer's Choice allows customers to own their vehicle with a fixed rate and payment with the option to sell it...

2011-10-28 07:00:00

BIRMINGHAM, England, Oct. 28, 2011 /PRNewswire/ -- MG Motor UK Ltd has selected GMAC UK plc, a subsidiary of Ally Financial Inc., to be its preferred retail financing provider in the UK for manufacturer programmes and standard rate finance. GMAC UK will provide financing to MG customers under the MG Financial Services brand. Guy Jones, sales and marketing director of MG Motor UK, said: "GMAC is a trusted financing source in the industry. As a company with extensive experience,...