U.S. Treasury to exit its investment in GMAC Financial Services this year
Later this year, the U.S. Treasury Department is expected to exit its investment in GMAC Financial Services. According to two senior Treasury officials, there will be a gradual sale of... Read more
GMAC still has no business plan even after receiving a $17.2 billion investment
According to a congressional panel, GMAC Inc. has yet to submit a business plan after it had been granted a $17.2 billion investment from the government. In addition, the panel criticizes... Read more
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