DETROIT — GMAC Financial Services announced this week that it will soon provide consumer financing for recreational vehicles and has been tapped by Thor Industries as the preferred financial provider ...
The government on Wednesday provided a fresh $3.8 billion cash infusion to stabilize GMAC Financial Services as the financing company struggles with hefty losses in its home mortgage unit. The ...
NEW YORK — GMAC Financial Services reported a 2008 second quarter net loss of $2.5 billion, compared with net income of $293 million last year. This downswing was largely due to industry-wide ...
DENVER -- GMAC Financial Services has applied to become a bank holding company, which would allow General Motors' financing arm to be eligible for aid under the government's $700 billion bank rescue ...
A $5 billion government bailout aimed at reviving General Motors Corp.'s ability to make car and truck loans has dealers hoping that cash-strapped consumers will return to their showrooms. GMAC ...
NEW YORK -- GMAC Financial Services, which provides both automotive and home loans, said Tuesday it posted a wider second-quarter loss of $3.9 billion as it transformed from an arm of General Motors ...
WASHINGTON — General Motors' chances of survival improved Wednesday after its financing arm became eligible to tap into federal bailout funds. The Federal Reserve approved GMAC Financial Services' ...
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