Ally Financial reported 1Q net income of $ 300 , more than doubling the $ 227mn reported a year ago due to an after - tax gain of about $ 400mn from the sale of its assets in China . Jeffery Brown , its CEO said that one of the ways Ally is making up for lost GM ##C business is to pursue more subprime loans which accounts for 10 % of all Ally loans in 1Q vs 9 % a year ago . "As long as we can price appropriate for the risk, we will continue to be booking loans. The firm has highlighted that cross - selling is a top priority as it looks for new revenue streams . Automotive News 28-Apr-15American Banker 28-Apr-15
Ally Financial reported 1Q net income of $ 300 , more than doubling the $ 227mn reported a year ago due to an after - tax gain of about $ 400mn from the sale of its assets in China . Jeffery Brown , its CEO said that one of the ways Ally is making up for lost GM ##C business is to pursue more subprime loans which accounts for 10 % of all Ally loans in 1Q vs 9 % a year ago . The firm has highlighted that cross - selling is a top priority as it looks for new revenue streams . Automotive News 28-Apr-15American Banker 28-Apr-15