$1B China Venture Sale Caps Off Ally's International Exit
By Benjamin Horney ( January 5, 2015, 1:27 PM EST) -- Ally Financial Inc. on Monday sold its 40 percent stake in Chinese auto finance operations joint venture SAIC-GMAC Automotive Finance Co. Ltd. to two General Motors Co. subsidiaries for $1 billion as part of a plan to narrow its focus on the U.S....
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