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.
Dodge and SRT are rejoining the Trans Am Series, with Miller Racing fielding two new Dodge Challengers at the Mid-Ohio Sports Car Course on August 15 and 16. Driving will be four-time series champion Tommy Kendall, making his first Trans Am start since 2004 in the TA2 series class. The cars appear to be driven by 5.7 liter Hemi engines. [...]
Though the Ram 1500 just had major upgrades, another refresh is due in 2017, to deal with the new F-150s and a possible Chevrolet Silverado update. So far not much is known about these trucks, except that they will likely include the Pentastar engine upgrade, might include the rumored 5.7 Hemi V8 upgrade, and are likely to have undergone weight reduction therapy [...]
With the supercharged 6.2 Hemi delivering 707 horsepower to the Dodge Charger and Challenger, the Viper boys are reportedly looking for ways to get back on top. While the Viper may be superior on a tight racing course, the straight-line performance of Charger and Challenger, in five-seaters with all the amenities, large trunks, and automatic or manual transmissions, is a challenge for Team [...]
Artist suzq044 has provided an alternative view of what the 2017 Ram may look like. This refresh will counter new F-150s. The trucks will almost certainly include the V6 engine upgrade, might include the rumored 5.7 Hemi V8 upgrade, and are likely to have more high-strength steel and aluminum to cut weight. The 2017 Ram is also likely to have aerodynamic improvements to increase highway [...]
It has been years since Allpar first reported on the future launch of a new Jeep Wagoneer, and the dropping of the Dodge Caravan. With Wagoneer on the books, Chrysler planners may have had mixed feelings about the sudden success of the Dodge Durango. They wanted to drop the Durango for a more-profitable Wagoneer (essentially a Durango with the Grand Cherokee suspension design [...]