Saab Cars North America Selects Ally Financial as Recommended Provider of Vehicle Service and Maintenance Products

DETROIT, Nov. 15, 2010 /PRNewswire/ -- Ally Financial has been selected as the recommended provider of finance and insurance (F&I) products and services for Saab dealerships in the U.S.  

Ally Financial will offer its Repair Advantage line of vehicle service and maintenance contracts to customers through Saab dealers, along with a comprehensive suite of ancillary F&I products, including guaranteed asset protection (GAP), lease wear and tear, tire and wheel protection, appearance protection, and theft deterrence.  Saab dealers can also take advantage of Ally's commercial insurance products and services including wholesale inventory insurance as well as access to property and casualty insurance packages offered by third party partners for the dealership.

Ally was previously selected in March as the preferred source of wholesale and retail financing for qualified Saab dealers and customers in North America and internationally.  

"Saab is pleased to have Ally Financial as a lending partner for Saab dealers across the U.S.," said Mike Colleran, President & COO, Saab Cars North America.  "This relationship offers our dealers and customers more financial options to meet their individual needs.  We appreciate the interest and support of Ally Financial."

 "Ally is pleased to build upon its strong relationships with Saab dealers and customers," said Tom Callahan of Ally Financial. "As a market leader, we provide insurance programs with an experienced and dedicated sales team and leading edge technology. We are confident of our ability to help augment a dealer's business while meeting customer needs."

Repair Advantage provides vehicle service and maintenance products that can be tailored to meet the needs of customers. Ally also offers a fully integrated menu selling system for dealers.  As an added service, the Ally team will assist dealers in complying with state and local regulations and also provide service and training.

About Ally Financial

Ally Financial Inc. (formerly GMAC Inc.) is one of the world's largest automotive financial services companies. The company offers a full suite of automotive financing products and services in key markets around the world. Ally's other business units include mortgage operations and commercial finance, and the company's subsidiary, Ally Bank, offers online retail banking products. With more than $173 billion in assets as of Sept. 30, 2010, Ally operates as a bank holding company. For more information, visit the Ally media site at http://media.ally.com.

About Saab Cars North America

Saab, or Svenska Aeroplan Aktiebolaget (Swedish Aircraft Company), was founded in 1937 as an aircraft manufacturer and revealed its first prototype passenger car 10 years later after the formation of the Saab Car Division. In 1990, Saab Automobile AB was created as a separate company, jointly owned by the Saab Scania Group and General Motors, and became a wholly-owned GM subsidiary in 2000. In February 2010, Spyker Cars N.V. of the Netherlands, acquired the company from GM as an independently-run business.

Saab cars reflect the brand's unique Scandinavian design ethic, which is fused with its aircraft engineering heritage. The company is a global premium car maker with a distinguished history of innovation. It is recognized for its pioneering role in turbocharging, as well as occupant safety and the introduction of flex-fuel technology through Saab BioPower. Saab Automobile AB currently employs approximately 3,800 staff in Sweden, where it operates world-class production and technical development facilities at its headquarters in Trollhattan, 70 km north of Gothenburg.   http://media.saab.com

SOURCE Saab Cars North America