New York, New York – Vehicle loan company GMAC has changed its name to Ally Financial in Canada, the U.S. and Mexico.

The Ally brand will be used for financing vehicles from General Motors, Chrysler and Saab, and recreational vehicles from Thor Industries, on vehicles purchased at automotive dealers. The company said that nearly two-thirds of customers finance their vehicle purchases.

The company’s products and services will transition from GMAC to Ally Financial on August 23, 2010, with no changes to current customer accounts or billing cycles.

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