by Bill Cawthon • Posted on July 14th, 2010
North American buyers of new Chrysler, Dodge, Jeep and Ram vehicles will soon be financing their vehicles through Ally Financial. The company, formerly General Motors Acceptance Corporation, is retiring the GMAC name from its automotive financing operations for GM, Chrysler, Saab, Thor Industries (manufacturer of Four Winds recreational vehicles and Airstream travel trailers) and Fiat Mexico. It already uses the Ally name for its financing operations for Suzuki. The changeover will come next month.
Ally is among the world’s largest automotive financial services companies. In the first six months of 2010, Ally loaned more than $16 billion to retail customers in North America including an average of $2 billion a month to U.S. buyers, up more than 120% from the first half of 2009.
“The move to the Ally name allows us to invest in a brand that we own and can build upon for the long term,” said Bill Muir, Ally’s president. “An ally is someone you rely on to support you, and our new brand embodies our 90-year heritage as a trusted finance source for the automotive industry.”
Dealers will also find the Ally name on their own inventory and floorplan financing as the 91-year-old firm continues to distance itself from former owner GM. GM spun off GMAC in 2006 and is now exploring its own financing options.
NHRA Pro Stock points leader Erica Enders-Stevens didn’t race at Sonoma and she won’t be competing at the Northwest Nationals in Seattle.
Elite Motorsports owner Richard Freeman two-event “holiday” at the Mile-High Nationals in Denver.
Despite her very impressive racing resume, Enders-Stevens lacks a real sponsor and it’s likely this was a major consideration, especially since she had built up a 241-point lead over Allen Johnson, who is second in the point standings, at the end of the Summit Racing Equipment NHRA Nationals in Norwalk, Ohio....
Jeg Coughlin Jr. became the second Mopar driver to clinch a spot in the six-race Countdown to the Championship that will determine the Mello Yello NHRA Pro Stock world championship.
Coughlin joined teammate Allen Johnson in the Countdown after making it to the Pro Stock semifinals in the NHRA Sonoma Nationals that ran this weekend at Sonoma Raceway....
Allen Johnson has secured his place in the Pro Stock Countdown to the Championship, the six-event series the determines the World Championships of drag racing.
Johnson joins Erica Enders-Stevens, who clinched her spot last weekend. Participation is limited to the top ten drivers in each pro class.
There were three different top qualifiers in Pro Stock: Johnson had the No....
Three-time series champion Scott Steckly earned his first win of the 2014 NASCAR Canadian Tire Series season Saturday in the National 250 at the Autodrome St. Eustache in St. Eustache, Quebec.
Starting from the No. 2 spot, Steckly dominated the race in the No. 22 Canadian Tire/Sylvania Dodge, leading for 202 of the 250 laps and beating Alex Guenette and the No....