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.
WASHINGTON, April 28 (UPI) -- The U.S. Treasury Department is pushing to find a fix for Chrysler Financial, which is deemed a critical component of the third largest U.S. automaker.
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, Oct. 11 (UPI) -- Cerberus Capital Management LP is talking to General Motors Corp. about the possibility of acquiring the Detroit automaker's lending division.
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.
DETROIT, March 23 (UPI) -- A U.S. investor group paid almost $9 billion for control of GMAC Commercial Holding Corp., General Motors Corp.'s financing arm.
