Advertisement
Canada markets closed

  • S&P/TSX

    22,468.16
    +2.79 (+0.01%)
     

  • S&P 500

    5,321.41
    +13.28 (+0.25%)
     

  • DOW

    39,872.99
    +66.22 (+0.17%)
     

  • CAD/USD

    0.7332
    -0.0010 (-0.13%)
     

  • CRUDE OIL

    79.06
    -0.20 (-0.25%)
     

  • Bitcoin CAD

    95,462.98
    +450.19 (+0.47%)
     

  • CMC Crypto 200

    1,522.22
    +33.68 (+2.26%)
     

  • GOLD FUTURES

    2,425.80
    -0.10 (-0.00%)
     

  • RUSSELL 2000

    2,098.36
    -4.14 (-0.20%)
     

  • 10-Yr Bond

    4.4140
    -0.0230 (-0.52%)
     

  • NASDAQ futures

    18,805.00
    +5.75 (+0.03%)
     

  • VOLATILITY

    11.86
    -0.29 (-2.39%)
     

  • FTSE

    8,416.45
    -7.75 (-0.09%)
     

  • NIKKEI 225

    38,946.93
    -122.75 (-0.31%)
     

  • CAD/EUR

    0.6750
    -0.0006 (-0.09%)
     

Ally Financial sells stake in Chinese joint venture to GM

Reuters

NEW YORK (Reuters) - Ally Financial Inc said on Monday that it completed the sale of its stake in a joint venture with a Chinese auto lender to General Motors Co for $1 billion. Ally, the largest U.S. auto lender and former in-house financing arm of GM, expects the sale of its 40 percent interest in SAIC-GMAC Automotive Finance Company Limited to boost first-quarter profits by around $400 million after taxes. (Reporting by Peter Rudegeair; Editing by Meredith Mazzilli)