Ally Financial provided $450 million in inventory financing to Vroom, an ecommerce platform for buying and selling used vehicles.
Jenn LaClair joined Ally Financial as chief financial officer designate. She will succeed Ally’s current CFO, Chris Halmy, after his retirement on March 1, 2018.
Josh Wilsusen has joined Ally financial as managing director for Public Policy and Government Affairs. Wilsusen joins from Morgan Stanley where he served a executive director of Government Relations.
Ally Financial and Mitsubishi Motors North America announced Ally will become the preferred financing source for Mitsubishi Motors in the U.S.
Ally Financial completed the renewal of $12.5 billion in credit facilities at the parent company and its banking subsidiary, Ally Bank, with a syndicate of 18 lenders.
Ally Financial completed the renewal of $12.5 billion in credit facilities at both the parent company and at its banking subsidiary, Ally Bank, with a syndicate of 18 lenders.
Ally Financial said Jeffrey J. Brown has been named CEO succeeding Michael A. Carpenter who is retiring as chief executive and from the board. Brown also joins Ally’s board of directors.
Ally Financial announced the pricing of its IPO of 95 million shares of common stock at a price to the public of $25 per share. The Treasury Department is expected to own 17% of Ally after the sale and recovery of $17.7 billion on its investment.