By Karlee Weinmann ( July 24, 2013, 3:17 PM EDT) -- Auto lender Ally Financial Inc., the auto lender saved from implosion by a series of government bailouts about five years ago, is plotting out an initial public offering that could generate between $2 billion and $4 billion, according to a Wednesday report from Reuters. Proceeds from the sale would be put toward repaying the $11 billion balance Ally owes the U.S. government after it pumped a trio of cash infusions into the company between 2007 and 2009, at the low point of a widespread economic downturn. The lender planned, but did not launch, an IPO in 2011, and insiders have since contended that a sale, rather than a public listing, would be a more beneficial route. Banks not involved in the IPO process have previously urged the company to unload billions of dollars in auto loans from its portfolio, then find a banking-industry buyer for its pared-down business....