DETROIT, June 13, 2011 -- Ally Financial Inc. (Ally) has been named the exclusive sponsor of TIME Dealer of the Year.
The TIME Dealer of the Year program, heading into its 43rd year, is one of the automobile industry's most prestigious awards for new car dealers. Recipients are among the nation's most successful auto dealers who also demonstrate a long-standing commitment to community service.
"Automobile dealers have a tremendous impact on the strength and viability of communities of all sizes around the United States," said Tim Russi, executive vice president, North American Operations for Ally Financial. "Ally is proud to support these extraordinary dealers who are truly making their communities better places to live and work."
As part of Ally's efforts to improve local communities, the company plans to make $60,000 in charitable contributions to local community causes. The recipient of the 2012 TIME Dealer of the Year Award will receive a $10,000 contribution to donate to a 501(c)(3) nonprofit organization of choice. In addition, approximately 50 dealers nominated for the 2012 award will receive $1,000 to contribute to a qualified nonprofit organization as well.
The TIME Dealer of the Year awards program is produced in cooperation with the National Automobile Dealers Association (NADA).
"By adding this charitable contribution to its commitment of support for the TIME Dealer of the Year program, Ally is truly embracing the spirit of this award," said TIME Worldwide Publisher, Kim Kelleher. "TIME is thrilled to partner with Ally, the NADA and dealers across America to continue to recognize the great contribution dealers make to the fabric of their communities each and every day."
The recipient of the 2012 national TIME Dealer of the Year Award will be announced at the NADA Convention and Expo in Las Vegas on Feb. 4.
"We're pleased that Ally is taking such an enthusiastic role in the TIME Dealer of the Year awards program," said NADA Chairman, Stephen W. Wade. "At the heart of this honor is a celebration of the positive impact dealers have in their respective communities. Ally is to be commended for taking their involvement a step further with additional community support."
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.
TIME is a global multimedia brand that includes TIME magazine, the world's largest weekly newsmagazine, with a domestic audience of 19 million and a global audience of 23 million; four worldwide editions of TIME magazine; TIME for Kids; and TIME.com, which draws over 12.1 million unique visitors a month and has nearly 2.6 million Twitter followers.
The National Automobile Dealers Association, founded in 1917, represents nearly 16,000 new-car and-truck dealerships with about 32,500 franchises both domestic and international. For more information, visit www.NADA.org.
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