By Mark Felsenthal WASHINGTON (Reuters UK) - The Bush administration on Monday expanded its bailout of the U.S. auto industry, saying it was buying......
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Web Buzz:
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US offers $6bn bail-out for GMAC
BBC -
329 days 13 hours 45 minutes ago
The US Treasury has unveiled a $6bn (£4.1bn) rescue package for GMAC - General Motors' troubled car loan arm, co-owned by Chrysler's owner,...
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Feds give GMAC $5B lifeline
Bizjournals - 329 days 3 hours 34 minutes ago
The federal government will invest $5 billion into auto lender GMAC as part of its effort to prop up the car industry. In addition, the U.S....
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U.S. Treasury Bails Out GMAC
Edmunds - 329 days 6 minutes ago
Date posted: 12-30-2008 WASHINGTON — The Bush administration expanded its last-minute rescue of the U.S. auto industry, as the Treasury...
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Bailout of GMAC Could Boost GM Car Sales
National Public Radio - 329 days 3 hours 30 minutes ago
by Yuki Noguchi All Things Considered, December 30, 2008 · The federal government is taking another step to help domestic carmakers. The Treasury...
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GMAC: Snatching Victory From the Jaws of Bailout Defeat
The Wall Street Journal - 328 days 4 hours 36 minutes ago
It is much easier to win when you let the federal government do your negotiating for you. Auto lender GMAC wanted to be a bank holding company in...
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What the Government Gave Detroit for Christmas
Time - 328 days 7 hours 42 minutes ago
Cerberus LLC, the once powerful private equity firm, swept into Detroit in the autumn of 2006 to acquire a 51% stake in GMAC, General Motors'...
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