WASHINGTON, Oct. 28 (UPI) -- U.S. automobile financing firm GMAC is seeking a third financial bailout from the federal government, sources close to the negotiations said.
WASHINGTON, May 20 (UPI) -- The U.S. Treasury is planning to announce a $7.5 billion loan for GMAC LLC, sources close to the deal making said Wednesday.
DETROIT, May 16 (UPI) -- GMAC Financial Services says it will rename its banking unit Ally Bank, reflecting its repositioning in the wake of auto industry woes.
DETROIT, April 2 (UPI) -- U.S. car loan giant GMAC said it would lower finance charges and open up car loans to borrowers with lower credit scores to jump start vehicle purchases.
DETROIT, Feb. 20 (UPI) -- GMAC Financial Services said it is studying a possible move to a warmer climate, contemplating relocating from Detroit to Charlotte, N.C.
DETROIT, Dec. 29 (UPI) -- A failure at U.S. lender GMAC could undermine the survival of auto giant General Motors Corp., an industry analyst says.
WASHINGTON, Dec. 25 (UPI) -- The U.S. Federal Reserve has given permission for automotive financial firm GMAC to become a bank, which will allow it to apply for federal bailout funding.
NEW YORK, Nov. 20 (UPI) -- GMAC Financial Services said Thursday it had applied to the U.S. Federal Reserve for bank holding company status, a step toward securing federal aid.
DETROIT, Nov. 5 (UPI) -- Losses in the U.S. housing market may bleed directly over to tighter restrictions for auto loans at GMAC, a J.P. Morgan analyst said.
DETROIT, Nov. 21 (UPI) -- GMAC Financial Services Corp. is exploring selling parts of its embattled Residential Capital Corp. mortgage arm, the U.S. financing company said Wednesday.
