GMAC Posts a Profit for Fourth Quarter

Feb. 3, 2009

GMAC Financial Services reported a $7.46 billion fourth-quarter profit as proceeds from a huge debt swap more than offset billions of dollars in losses.

GMAC critical to GM's future

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.

Cerberus considering GMAC buyout

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.

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President Obama awards the Presidential Medal of Freedom in Washington

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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch

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GMAC Posts a Profit for Fourth Quarter

GMAC critical to GM's future

Cerberus considering GMAC buyout