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2009 Archives

Dec 30, 2009
NEW YORK (Dec. 30, 2009) -- GMAC Financial Services today announced a series of actions intended to strengthen the company's capital base, position it for improved financial performance, minimize...More
Dec 16, 2009
TROY, Mich. (Dec. 16, 2009) — SmartAuction and Stream have agreed to enter into an alliance to extend the benefits of upstream remarketing to a greater number of wholesale consignors of...More
Dec 14, 2009
TORONTO, Ontario (Dec. 14, 2009) – Canadian Capital Auto Receivables Asset Trust (CCARAT) and Canadian Capital Auto Receivables Asset Trust II (CCARAT II) have each re-filed chief executive...More
Nov 16, 2009
NEW YORK (Nov. 16, 2009) -- The Board of Directors of GMAC Financial Services (GMAC) today named Michael A. Carpenter, a board member with extensive financial services experience, chief executive...More
Nov 5, 2009
DETROIT (Nov. 5, 2009) – GMAC Financial Services has ramped up quickly as the preferred financing source for the Chrysler Group, its dealers and customers. Retail Financing GMAC is now the...More
Nov 4, 2009
- Third quarter net loss of $767 million - Net loss from continuing operations of $671 million - Focus remains on strengthening strategic operations and exiting non-strategic assets -...More
Oct 28, 2009
Company participates in FDIC's Temporary Liquidity Guarantee Program
DETROIT (Oct. 28, 2009) -- GMAC Financial Services today announced that it has priced an offering for $2.9 billion of senior fixed rate notes guaranteed by the Federal Deposit Insurance...More
Oct 27, 2009
NEW YORK, Oct. 27, 2009 -- GMAC Financial Services has scheduled the release of its third quarter 2009 financial results for Wednesday, Nov. 4, 2009. The press release, including financial...More
Oct 22, 2009
DETROIT (Oct. 22, 2009) -- GMAC Financial Services has received notification from the U.S. Department of the Treasury’s Office of the Special Master on the company’s executive compensation...More
Oct 21, 2009
DETROIT (Oct. 21, 2009) -- The GMAC Financial Services board of directors declared quarterly dividend payments on certain outstanding preferred stock. The dividends were declared on Oct. 15, 2009...More
Oct 15, 2009
TROY, Mich. (Oct. 15, 2009) – SmartAuction, the remarketing industry’s leading, upstream wholesale auction Web site, has signed a deal with CenterOne Financial Services LLC (CenterOne) to...More
Sep 25, 2009
FORT WASHINGTON, Penn., Sept. 25, 2009 – GMAC Financial Services today announced that the Correspondent and Warehouse Lending division of Ally Bank has formed a Correspondent Community Bank team...More
Sep 16, 2009
DETROIT (Sept. 16, 2009) -- GMAC Financial Services today announced it has expanded its availability of leasing options to include Chrysler vehicles. "GMAC is introducing new competitive standard...More
Sep 14, 2009
TROY, Mich. (Sept. 14, 2009) – SmartAuction recently recorded another historical milestone with its 3 millionth upstream used vehicle sale only days after unveiling the future of its...More
Sep 3, 2009
New online savings products will challenge banking as usual with top interest rates, no fees or minimums, and 24-hour customer service.
TORONTO, Sept. 3, 2009 -- Ally today announced that it is launching online savings products in Canada, offering interest rates among the highest in the country and 24-hour customer service....More
Aug 31, 2009
MIDVALE, Utah, Aug. 31, 2009 -- Customers with Ally Bank certificates of deposit (CDs) coming up for renewal can rest easy knowing that they will get the best rate Ally offers for 10 days from the...More
Aug 20, 2009
Consistent growth for the market leader in automotive finance in China
SHANGHAI, China (Aug. 20, 2009) – GMAC-SAIC Automotive Finance Co., Ltd. (GMAC-SAIC), which is celebrating the fifth anniversary of its founding this August, announced today that its retail...More
Aug 11, 2009
TROY, Mich. (Aug. 11, 2009) – SmartAuction today announced the launch of its new online auction platform which is designed to enhance the user experience of its industry leading upstream...More
Aug 10, 2009
DETROIT (Aug. 10, 2009) -- GMAC Financial Services today announced it will offer a leasing option for auto consumers on select vehicles. "GMAC's increased funding flexibility, the completion of...More
Aug 7, 2009
Channel Capitalizing on Decrease in National Lenders, Robust Funding Base
FORT WASHINGTON, Penn., Aug. 6, 2009 – GMAC Financial Services today announced that the company is strategically seeking to grow volume in its Correspondent and Warehouse Lending division....More
Aug 6, 2009
DETROIT (Aug. 6, 2009) -- GMAC Financial Services today issued the following statement regarding the "Cash for Clunkers" program: GMAC will administer a General Motors incentive program to provide...More
Aug 4, 2009
- Second quarter after-tax net loss of $3.9 billion - Strategic actions to streamline GMAC for the long term resulted in several significant charges - Excluding certain significant items, second...More
Jul 29, 2009
Nearly half continue to shop around for better savings options
MIDVALE, Utah, July 29, 2009 -- Consumers are cutting back on expenses and shopping around for the best places to save money, according to survey results released today by Ally Bank. The...More
Jul 28, 2009
NEW YORK, July 28, 2009 -- GMAC Financial Services has scheduled the release of its second quarter 2009 financial results for Tuesday, Aug. 4, 2009. The press release, including financial...More
Jul 27, 2009
AutoTransMart added to remarketing Web site’s list of transport vendors TROY, Mich. (July 27, 2009) – SmartAuction is enhancing service offerings for dealers and wholesalers by adding...More
 

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