Tag: Ally Bank

By on May 8, 2010

Perhaps the most fundamental challenge facing bailed-out financial and auto firms is convincing consumers to leave aside their anti-bailout prejudices and start buying their products. For GM, the first step in this process was as simple as repaying a loan and airing a “Mission Accomplished” advertisement that did everything but show Ed Whitacre landing on an aircraft carrier. For GM’s former captive finance arm, GMAC, escaping the stain of the bailout is a more prosaic matter. Having already launched an online consumer-oriented banking arm by the name of “Ally Bank,” the finance company is adopting the innocuous Ally moniker for its entire business, reports the Detroit News.
(Read More…)

Recent Comments

  • mcs: It’s ordered, not on the lot, so it shouldn’t be a problem. A car salesman friend of mine used to do...
  • Jeff S: If FCA goes belly up or is acquired by another manufacturer and Dodge is killed off then maybe these Demons...
  • DenverMike: I just don’t understand why EU officials responsible for the diesel catastrophe aren’t facing...
  • dividebytube: Hmm – Mptorweek (for an automatic) says 9.4 seconds. C/D says 7.8 for a manual but I’m...
  • dividebytube: I quickly learned to hate my 2008 xB – I’m 6’2″ and the driving position was...

New Car Research

Get a Free Dealer Quote

Staff