Hannah Lutz
Automotive News - Detrot-based Ally Financial Inc.’s first-quarter net income dropped 14 percent from a year earlier to $214 million, on a 2.9 percent rise in net financing revenue to $979 million, the company, one of the top auto lenders in the U.S., said Thursday. The biggest driver of the net-income decline was an increased provision for auto losses, Andrea Riley, Ally’s chief marketing officer, told Automotive News. “We are seeing a lot of positive things: We had record-high year-
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