Auto Remarketing

GMAC to Finance New, Used Recreational Vehicles via Thor Partnership

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 ...
Auto Remarketing

GMAC to Trim Down U.S. Leases after $716 Mil Pre-Tax Impairment on Off-Leases

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 ...
MLive

GMAC files for bank holding status

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 ...
The Dispatch / The Rock Island Argus

GMAC gives up some GM car financing in bailout

DETROIT (AP) — GMAC will no longer have exclusive rights to provide low-interest loans to people who buy General Motors Corp. vehicles, and it will stop financing leases under a complex deal to get ...
MLive

GMAC Financial posts wider 2Q loss of $3.9 billion

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 ...
St. Louis Post-Dispatch

GMAC gets $3.8 billion Fresh infusion of federal aid is intended to stabilize financing company amid mortgage losses.

*Refers to the latest 2 years of stltoday.com stories. Cancel anytime. The government on Wednesday provided a fresh $3.8 billion cash infusion to stabilize GMAC Financial Services as the financing ...