Ally Financial Statement on Saab Reorganization

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Sep 07, 2011, 03:25 ET

DETROIT, Sept. 7, 2011 /PRNewswire/ -- Ally Financial Inc.'s Swedish subsidiary, GMAC Financial Services AB, is a creditor of Saab Automobile AB and as such is taking the appropriate steps to protect Ally's interests during Saab's reorganization.

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Ally has been diligently monitoring Saab's financial situation for several months and does not expect any material financial impact as a result of the reorganization.

Ally is the preferred finance provider for Saab vehicles in the U.S. and Europe and offers wholesale financing, consumer financing, insurance products and servicing to Saab dealers and consumers.

Ally will continue to provide automotive financing products and services to creditworthy Saab dealers and consumers during the reorganization process.

Contact:
Gina Proia
646-781-2692
[email protected]

SOURCE Ally Financial