Chain Reaction: GM IPO Fuels Ally Listing

News of General Motor 's mammoth proposed listing appears to have created a chain reaction in the US autos sector. Indeed, the US government's rush to the exit door on its bailout investments continues to gather steam with the proposed IPO of Ally Financial, the rebranded former in-house autos financing unit of GM. The Detroit-based lender, known as GMAC until as recently as May, is revving up for a listing in 2011.

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