DETROIT, Dec. 30 (UPI) -- The U.S. Treasury Department is set to extend $3.5 billion in new TARP funding to automobile finance firm GMAC, sources close to the deal said.
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.
DETROIT, Oct. 18 (UPI) -- U.S. Chrysler dealers holding loans from Chrysler Financial who need new credit lines may be caught in a dispute with General Motors, observers say.
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, 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.
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. 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 13 (UPI) -- General Motors Corp. will pay $1 billion to cover bad mortgage loans its former finance arm made to high-risk U.S. borrowers, GMAC said Tuesday. The cash settlement, cited in General Motors Acceptance Corp.'s fourth-quarter financial report, is not expect
