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Latest GMAC News

  • Taking Taxpayers for a Ride 23 Nov 2009 21:35 GMT
    ... two bailouts of G.M.'s former lending arm, GMAC, or the $3 billion spent on the “cash for ... sudden obsession with G.M.'s $40,000 Volt electric car just in time for an I.P.O., taxpayers ... of the Web site The Truth About Cars. A version of this article appeared in ...

  • GM's Phony Bailout Repayment 23 Nov 2009 20:33 GMT
    ... two bailouts of G.M.’s former lending arm, GMAC, or the $3 billion spent on the ... to work, GM has to sell more cars or sell cars at a higher average ... move because the world is awash in automotive productive capacity. However, massive bailouts only distort ...

  • DealerTrack, Findlay Automotive Group Join POADA 23 Nov 2009 15:55 GMT
    ... software and data solutions for the U.S. automotive retail industry, has joined the alliance as ... charter partners Manheim, Carfax, Kelley Blue Book, GMAC Financial Services, CDM Dealer Services, Net Profit ...

  • Fitch: Macroeconomic Concerns Cloud Recovery for U.S. Autos in 2010 (BIZ) 23 Nov 2009 15:14 GMT
    ... The direct capital injections into , GM, GMAC and Chrysler Financial, debt guarantees, support for bank holding ... accelerate the steady improvement in the used car market, facilitating residual values and easing loss ... of a changing consumer relationship with the automobile, attitudes that could be exacerbated by environmental ...

  • GMAC's new boss wants dealer input 23 Nov 2009 15:13 GMT
    ... Carpenter says he will seek input from car dealers in his new role as CEO ... . Carpenter wants to reassure dealers that GMAC is committed to the auto finance business ... His objective is to build a “world-class automotive platform” and to continue the “transition from ...

  • Fitch: Macroeconomic Concerns Cloud Recovery for U.S. Autos in 2010 23 Nov 2009 15:10 GMT
    ... The direct capital injections into Chrysler, GM, GMAC and Chrysler Financial, debt guarantees, support for bank holding ... accelerate the steady improvement in the used car market, facilitating residual values and easing loss ... of a changing consumer relationship with the automobile, attitudes that could be exacerbated by environmental ...

  • On the move -- Nov. 23, 2009 23 Nov 2009 14:34 GMT
    ... Jacobsen. The 11-member jury unanimously found that GMAC breached its contracts with the Mente dealerships ... for not timely repaying the company for cars sold through the dealership and financed through ...

  • Op-Ed Contributor: Taking Taxpayers for a Ride 23 Nov 2009 05:54 GMT
    ... two bailouts of G.M.'s former lending arm, GMAC, or the $3 billion spent on the “cash for ... sudden obsession with G.M.'s $40,000 Volt electric car just in time for an I.P.O., taxpayers ... of the Web site The Truth About Cars. A version of this article appeared in ...

  • US government money starts flowing into auto industry 22 Nov 2009 11:52 GMT
    ... by committing 6 billion dollars to supporting GMAC LLC, the financing arm of General Motors Corp. The ... is a critical source of financing for car sales. Under the terms of the 13.4-billion-dollar direct ...

  • Public records for Nov. 21, 2009 22 Nov 2009 09:34 GMT
    ... James , 20, Edgewater, burglary to an automobile, dealing in stolen property; Daniel Joseph , ... Age Motorsports LLC, in excess of $15,000; GMAC Mortgage LLC v. , real property; Ford Motor ...

  • Chrysler Group LLC Announces New 'Double CA$H For Your Old Car' Incentive Program 21 Nov 2009 07:11 GMT
    ... Announces New 'Double CA$H For Your Old Car' Incentive Program AUBURN HILLS, Mich., July 22 ... Consumers with an eligible trade-in under the CARS program can receive up to $9,000 towards ... 0 percent financing for 72 months through GMAC Financial Services on most 2009 model vehicles. These ...

  • Chrysler dealers scrambling to get financing to keep new cars on lots 21 Nov 2009 05:36 GMT
    ... the screws to us," Wolcott said about GMAC Inc., which replaced Chrysler Financial as the preferred ... his dealerships would become, in essence, used car dealers, said Wolcott, who has been a Chrysler ...

  • GM analyst predicts solid November sales 20 Nov 2009 19:34 GMT
    ... are a bit less bullish. The Edmunds.com automotive Web site forecasts an annual light vehicle ... the leasing business when its finance arm, GMAC Financial Services, ran into money troubles. Other ... and cash incentives to those who buy cars and trucks. Eighty-five to 90 percent of ...

  • GM analyst predicts strong Nov. sales 20 Nov 2009 18:31 GMT
    ... are a bit less bullish. The Edmunds.com automotive Web site forecasts an annual light vehicle ... the leasing business when its finance arm, GMAC Financial Services, ran into money troubles. Other ... and cash incentives to those who buy cars and trucks. Eighty-five to 90 percent of ...

  • GM analyst predicts solid November U.S. sales 20 Nov 2009 10:33 GMT
    ... are a bit less bullish. The Edmunds.com automotive Web site forecasts an annual light vehicle ... the leasing business when its finance arm, GMAC Financial Services, ran into money troubles. Other ... and cash incentives to those who buy cars and trucks. Eighty-five to 90 percent of ...


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