NEW YORK (Reuters) – The federal bailout of auto lender GMAC LLC puts a floor under the potential losses for its owner Cerberus Capital Management and could provide a roadmap for the private equity ...
WASHINGTON, D.C. — As GMAC's chief executive officer and chief financial officer get ready to testify before a Congressional Oversight Panel today, the executives said in prepared remarks that if GMAC ...
CHARLOTTE, N.C. -- The banking arm of ailing auto finance company GMAC is taking on a new name, hoping to smooth its image and entice new customers as it works to drive deposit growth. As of today, ...
(Reuters) – Auto and mortgage finance company GMAC LLC said about 58 percent of debt has been tendered and delivery time extended in response to investors’ requests, a few days after it sweetened the ...
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