- Including dividends and interest, Ally will have paid about $5.9 billion to the U.S. Treasury as of Feb. 15, 2013.
- Ally Bank exceeds 1 million customer accounts.
- Added preferred provider relationships with Mitsubishi and Vehicle Production Group in North America and Forest River for RVs in the U.S.
- Ally announced agreements to sell its international operations.
- Began repaying U.S. Treasury investment through the remarketing of $2.7 billion in trust preferred securities.
- Established a preferred financing relationship with Maserati North America.
- Company renamed Ally Financial.
- Established preferred financing relationships Thor Industries RVs and Fiat for vehicles in the U.S.
- Established preferred financing relationship with Chrysler.
- GMAC Bank rebranded as Ally Bank.
- Approved as a bank holding company under the U.S. Bank Holding Company Act.
- SmartAuction reaches another milestone in its service to auto dealers, hitting 2 million in online remarketing sales.
- Majority stake in GMAC sold to consortium of buyers led by Cerberus Capital Management.
- SmartAuction records 1 millionth sale, cementing its position as one of the nation's leading wholesale used-vehicle auction websites.
- $1 trillion of financing for 150 million cars and trucks around the world.
- Automotive finance business launches SmartAuction, an Internet-based remarketing channel.
- GMAC Commercial Finance Group established.
- 100 millionth vehicle financed.
- Mortgage business founded.
- 75 millionth vehicle financed.
- 40 millionth vehicle financed.
- Motors Insurance Corporation (MIC) forms.
- Automotive finance business expands to Great Britain.
- Branches open in Detroit, New York, Chicago, San Francisco, and Toronto.
Ally Financial Inc. was founded in 1919 as the General Motors Acceptance Corporation (GMAC), a provider of financing to automotive customers. Since then, the business has expanded to include insurance, direct banking and commercial finance. See the timeline to trace Ally's evolution.