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Michael Carpenter
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Ally clears barrier for IPO with plan to resolve mortgage claims
… shares to the public and pay back a $17.2 billion bailout received during the global credit crisis. Ally CEO Michael Carpenter has been selling assets to raise money and reiterated this month that an initial stock offering would be the best …
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Chrysler, GM wind down low-APR deals via Ally
… Ally's lease penetration picked up in the first quarter to 28 percent, from 16 percent a year ago. Ally CEO Michael Carpenter was asked during the conference call whether Ally would continue to ramp up leasing. "I would characterize it as …
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Ally profits rise, helped by auto finance
… The first four months of the year reflected significant progress on the strategic transformation of Ally," CEO Michael Carpenter said in a statement today. Ally sold most of its overseas auto finance and financial service businesses to GM Financial …
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Ally Q1 profits boosted by auto finance business, one-time gains
… The first four months of the year reflected significant progress on the strategic transformation of Ally," CEO Michael Carpenter said in a statement today . Ally sold most of its overseas auto finance and financial service businesses to GM Financial …
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GM's Akerson, Ally's Carpenter have pay, bonuses frozen by U.S.
… got that $2 million as salary stock units, which vest immediately and are paid out over three years. Ally CEO Michael Carpenter received $9.56 million in compensation last year, including $9.5 million in deferred stock units, according …
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Ally, GM Financial deal highlights opposite goals
… auto finance business. Both companies argue the transaction is good for dealers, but in different ways. Ally CEO Michael Carpenter says Ally's new positioning is good for U.S. dealers because Ally is now "all in" with its dealers. That …
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GM Financial completes $2.6B deal for Ally units in Europe, Latin America
… strengthen its financial profile going forward and to focus on its core leading U.S.-based franchises," Ally CEO Michael Carpenter said in a statement. "We remain committed to further advancing our strategic plans and best positioning Ally to …
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GM Financial completes $2.6B deal for Ally units in Europe, Latin America
… strengthen its financial profile going forward and to focus on its core leading U.S.-based franchises," Ally CEO Michael Carpenter said in a news release. "We remain committed to further advancing our strategic plans and best positioning Ally …
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Ally says Federal Reserve's stress test was 'fundamentally flawed'
… S. bailouts during the financial crisis and plans to repay the funds by staging an initial public offering. CEO Michael Carpenter has put the idea on hold until after the fate of its bankrupt Residential Capital mortgage business is clear. The …
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U.S. investigating Ally's retail financing practices
… by-u-s-for-auto-lending-activities-report-says#axzz2MKiIAmMJ Ally also said last week its CEO Michael Carpenter earned $9.6 million in stock and other compensation in 2012, a figure that was largely unchanged from 2011 …
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Ally says U.S. probing retail financing practices
… sued-by-u-s-for-auto-lending-activities-report-says#axzz2MKiIAmMJ Ally also said today its CEO Michael Carpenter earned $9.6 million in stock and other compensation in 2012, a figure that was largely unchanged from 2011 …
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GM denies reports of proposed hike in CEO Akerson's 2013 pay
… when his target compensation was $9 million. Ally Financial Inc., formerly GM's lending arm, wants to pay CEO Michael Carpenter $9.6 million, according to another document obtained by Bloomberg. Pay for executives at seven bailed-out …
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Ally sees full U.S. repayment by 2014 on auto business gains
… this year toward the $14.6 billion still outstanding from the Treasury's Troubled Asset Relief Program, CEO Michael Carpenter said in an interview. Ally in 2012 financed the most new- and used-vehicle sales in the U.S. for the second …
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Ally posts Q4 profit as U.S. vehicle sales increase
… The quarter included three months in which annualized vehicle sales hovered near their best pace since 2008. CEO Michael Carpenter , 65, is selling assets to repay Ally's $17.2 billion federal rescue during the credit crisis that gave the …
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Ally posts Q4 profit as U.S. vehicle sales increase
… The quarter included three months in which annualized vehicle sales hovered near their best pace since 2008. CEO Michael Carpenter , 65, is selling assets to repay Ally's $17.2 billion federal rescue during the credit crisis that gave the …
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GM agrees to buy Ally's European auto-finance business
… million. GM relies on North America for most of its profit and is looking to diversify revenue sources. Ally CEO Michael Carpenter , 65, is selling assets as he seeks to repay taxpayers for a $17.2 billion rescue during the credit crisis …
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GM Financial agrees to buy Ally's international auto-finance business
… since 1999 . GM relies on North America for most of its profit and is looking to diversify revenue sources. Ally CEO Michael Carpenter , 65, is selling assets as he seeks to repay taxpayers for a $17.2 billion rescue during the credit crisis …
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GM may acquire Ally's Europe, Latin America auto finance arms, report says
… and in August disclosed that it was among the bidders for Ally's international operations. Ally Chief Executive Michael Carpenter said last week that the lender had interest from multiple parties for its Europe and Latin American operations and …
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Ally's Canadian auto finance unit sold to RBC for $4.1 billion
… closing. The deal is expected to modestly boost RBC's earnings per share in the first year after closing. Ally CEO Michael Carpenter said in a statement the lender would evaluate options for its remaining operations in Europe and Latin America …
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Chrysler close to lender agreement in U.S., Marchionne says
… financing, so-called standard-rate financing for consumers or leasing, according to Ally. Ally repayment Ally CEO Michael Carpenter is trying to repay U.S. bailouts exceeding $17 billion that left the Treasury Department with a 74 percent stake …
