Ally Financial confirms it has reached agreement to sell its operations in Europe and Latin...

|By:, SA News Editor

Ally Financial confirms it has reached agreement to sell its operations in Europe and Latin America, as well as its 40% share in a China joint venture, to General Motors (GM) for ~$4.2B. The combined operations in Europe and Latin America represented ~$16.1B in assets at the end of Q3 2012.