Reuters: Bankruptcy News: Ally not looking to sell U.S auto lending-CEO

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Ally not looking to sell U.S auto lending-CEO May 15th 2012, 14:15 Tue May 15, 2012 10:15am EDT May 15 (Reuters) - Ally Financial is "absolutely not" looking to sell its core U.S auto lending business following a bankruptcy filing by its mortgage unit and a plan to sell its international operations, Chief Executive Michael Carpenter said on Tuesday. The actions announced on Monday give the Detroit-based lender multiple ways to pay back about $12 billion owed the U.S. Treasury after a series of bailouts during the financial crisis, Carpenter said in a conference call with analysts.

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