Topic: GMAC LLC
US Treasury injects 3.8 bln dlrs into ailing GMAC
AFP Global Edition
<div><p>The US government unveiled a 3.8 billion dollar fresh capital injection into troubled GMAC, the former finance arm of General Motors that became a bank to access federal aid.</p><p>The capital infusion will give the government a ...
US Treasury injects $3.8 billion into ailing GMAC
AFP Global Edition
<div><p>The US Treasury announced Wednesday a 3.8 billion dollar fresh capital injection into ailing GMAC, the former finance arm of General Motors that became a bank to access federal rescue aid.</p><p>The capital infusion will give the ...
Govt gives GMAC $3.8B in new aid, boosts stake
AP News
<div id="subtitle">Government gives GMAC $3.8B in new aid to stabilize finance firm, adding to US loans of $12.5B</div><div><p>The government gave GMAC Financial Services another $3.8 billion in cash and took a majority stake ...
Treasury to dole out $3.8 billion to GMAC, raise stake
Reuters US Online Report Business News
<div><p>WASHINGTON (Reuters) - The U.S. is injecting another $3.8 billion into GMAC Financial Services to help cover mortgage losses, in a bailout that makes the government the majority owner of the auto and home finance company.</p><p>GMAC ...
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