FOR IMMEDIATE RELEASE

Contact: TIME Dealer of the Year Hotline

(212) 522-8112

Trent Wright Idaho Automobile Dealers Association

(208) 853-4668

TIME AND ALLY FINANCIAL HONOR COEUR D’ALENE DEALER

Jim Addis Wins National Recognition for Community Service and Industry Accomplishments at NADA Convention

(New York, NY, October 22, 2012) – The nomination of Jim Addis, vice president of Lake City Ford in Coeur d’Alene, Idaho, for the 2013 TIME Dealer of the Year award was announced today by TIME and Ally Financial.

Addis is one of a select group of 57 dealer nominees from across the country who will be honored at the 96th annual National Automobile Dealers Association (NADA) Convention & Exposition in Orlando, Florida, on February 9, 2013. The announcement of this year’s nominees was made by Todd Larsen, executive vice president and group president, Time Inc. News and Sports, and Tim Russi, executive vice president, North American Auto Operations, for Ally Financial.

“Auto dealers play such an important role in the strength of local communities across the United States,” said Russi. “They are involved in many philanthropic endeavors, contributing their time and money to improving the lives of people in need. Ally is proud to support and honor these extraordinary dealers and the important roles they play in making their communities better places to live and work,” added Russi.

In its second year as exclusive sponsor, Ally will recognize dealer nominees and their community efforts by contributing $1,000 to each nominee’s charity of choice. Nominees will also be recognized on the recently launched website, AllyDealerHeroes.com, which highlights the philanthropic contributions and achievements of auto dealers across the U.S.

The TIME Dealer of the Year award is one of the automobile industry’s most prestigious and highly coveted honors. Recipients are among the nation’s most successful auto dealers who also demonstrate a long-standing commitment to community service. Addis, 52, was chosen to represent the Idaho Automobile Dealers Association in the national competition – one of only 57 auto dealers from 17,000 nationwide – nominated for the 44th annual award. The award is sponsored by TIME in association with Ally Financial, and in cooperation with NADA. A panel of faculty members from the Ross School of Business at the University of Michigan will select one finalist from each of the four NADA regions and one national Dealer of the Year.

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“The most rewarding aspect of my career has been to work alongside my father,” said nominee Addis, a second-generation dealer.

A 1978 graduate of Jenkins High School in Chewelah, Washington, Addis studied at Spokane Falls Community College in Spokane, Washington, and Washington State University in Pullman, earning a BS in economics and a BA in marketing by 1984. He started working at his father’s first dealership, Tom Addis Ford, at age 14, and advanced from the ground up – washing cars, performing mechanical tasks, learning about warranties and parts – before serving as vice president/general manager for his family’s Ford and Dodge stores.

“The ability to learn is priceless,” Addis said of his on-the-job training. “And the opportunity to grow and thrive in the new and changing marketplace is an exciting, rewarding challenge.”

Addis relies on his extensive experience to help further the cause of auto dealers on a state and national level. He was twice elected president of the Idaho Automobile Dealers Association and served on Dodge’s Dealer Council. He is currently Idaho chairman of NADA’s Dealers Election Action Committee.

For his community, Addis is currently working with the Salvation Army to underwrite a program that would transport at-risk middle-school students to the Ray & Joan Kroc Center after school. “These students will be able to participate in all Kroc activities, including sports, exercise, mentoring, spiritual help and tutoring,” he explained.

Addis generously donates vehicles to various causes. Addis gives a new Ford every year to a student selected from the six area high schools. Lake City Ford also provided two GEM electric vehicles to the two Coeur d’Alene high schools. A member of the Rotary, he gives one car every year to the club for its annual auction – the biggest-ticket item offered – which funds projects in the area.

“It serves as a reminder to the all [Rotary] members and the businesses they represent that we can all contribute for the betterment of our community,” Addis added.

In addition, Addis hosts Ford’s Drive One 4 UR School test-drive program twice a year, raising up to $6,000 per event for area schools. He has served as a board member for the EXCEL Foundation, an endowment that provides grants to local teachers for projects that schools cannot afford. Addis regularly contributes to Christmas for All, a non-profit program that helps families in need, and St. Vincent de Paul’s emergency shelters. He also made a donation to help build a new center for the Boys & Girls Club.

Addis was nominated for the TIME Dealer of the Year Award by Trent Wright, executive vice president of the Idaho Automobile Dealers Association. Jim and his wife, Terri, have one child.

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Ally Financial Inc. is a leading automotive financial services company powered by a top direct banking franchise. Ally’s automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. Ally Bank, the company’s direct banking subsidiary and member FDIC, offers an array of deposit products, including certificates of deposit, savings accounts, money market accounts, IRA deposit products and interest checking.

Ally’s Commercial Finance unit provides financing to middle-market companies across a broad range of industries. With approximately $179 billion in assets as of June 30, 2012, Ally operates as a bank holding company. For more information, visit the Ally media site at http://media.ally.com or follow Ally on Twitter: @Ally.