Doug Timmerman named interim Ally Financial CEO
Longtime Ally Financial leader Doug Timmerman today was named the lender’s interim chief executive, succeeding Jeffrey Brown. Brown, who ...
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Ally Financial originations decline 14% YoY
Despite constrained market conditions, Ally Financial’s originations picked up in the third quarter on the heels of a record number ...
Ally Financial CEO to step down by January
Ally Financial Chief Executive Jeffrey Brown is stepping down in January after leading the company since 2015. Brown has served ...
Ally Financial starts job cuts with less than 5% of staff affected
Ally Financial Inc. started cutting jobs on Monday, initiating a workforce reduction that will affect less than 5% of the ...
Shift reduces floorplan with Ally Financial by 60%
Shift Technologies more than halved its floorplan line of credit with Ally Financial amid free-falling sales and organizational restructuring. Shift ...
Advanced lending technology is ideally suited for credit unions
Credit unions in the past two years have made gains in capturing market share in the auto lending market. There ...
Ally Financial originations down 22% YoY amid tight credit requirements
Ally Financial’s auto originations declined 22% year over year as the bank prioritized higher-quality credit, while electrified vehicle financing volume ...
Nio has been at the brink before. Can the EV maker rally again?
Is Nio Inc., the Chinese electric car company that has already had one near-death experience, edging toward the brink again? ...
