GMAC'S NORTH AMERICAN AUTOMOTIVE BUSINESS CHANGES ITS NAME TO ALLY
ADDITIONAL RESOURCES: Audio, hard copy requests, contact information and more available at: http://multivu.prnewswire.com/broadcast/45145/press.html
NEW YORK, July 13 -- THIS IS A MULTIVU SPECIAL REPORT BROUGHT TO YOU BY ALLY FINANCIAL.
WITH NEARLY TWO-THIRDS OF CUSTOMERS FINANCING THEIR VEHICLE PURCHASES, LENDERS CONTINUE TO PLAY A CRITICAL ROLE IN FACILITATING THE SALE OF CARS AND TRUCKS. ONE OF THE LARGEST AND MOST FAMILIAR AUTOMOTIVE FINANCING COMPANIES, GMAC, IS CHANGING ITS NAME TO ALLY. THE ALLY BRAND WILL BE USED IN THE U.S., CANADA AND MEXICO TO FINANCE VEHICLES FROM GENERAL MOTORS, CHRYSLER AND SAAB AND RECREATIONAL VEHICLES FROM THOR INDUSTRIES.
MOVING TO THE ALLY BRAND ALLOWS THE COMPANY TO INVEST IN A BRAND IT OWNS WHILE CONTINUING TO GROW ITS CORE AUTO FINANCE BUSINESS SERVING DEALERS AND THEIR CUSTOMERS.
BILL MUIR, PRESIDENT, ALLY FINANCIAL INC.:
"The word Ally, means someone you can trust to support you. Well for our 90-year history, that's what we've done in the automotive industry. TODAY, WE EXTEND OVER $2 BILLION DOLLARS MONTHLY TO CONSUMERS. What won't change, is our commitment to the automotive business."
THE COMPANY'S U.S.-BASED AUTO FINANCE PRODUCTS AND SERVICES WILL TRANSITION FROM GMAC TO ALLY FINANCIAL ON AUG. 23, 2010. THERE WILL BE NO CHANGE TO CURRENT CUSTOMER ACCOUNTS OR BILLING CYCLES.
FOR MORE, VISIT WWW.ALLY.COM
I'M DANIELLE ADDAIR.
Audio: http://multivu.prnewswire.com/broadcast/45145/press.htmlAUDIO PROVIDED BY: Ally Financial, Inc.