Ally Financial reports $898 million loss

(Aug. 1, 2012) -- "The core business fundamentals remained strong during the quarter. Ally's auto finance franchise continued to lead the industry, despite intense competition, and posted the second highest quarter of consumer originations since 2007," said Carpenter. "We continue to broaden and diversify this franchise, which is centered on powering thousands of dealers across the country as the top auto finance provider.