With October auto sales expected to fall short of September's 15-year low, General Motors Corp. is launching a campaign this week to reach people who have stopped looking for cars out of fear that they can't get a...
General Motors (GM) is launching a campaign to reach people who have stopped looking for cars out of fear they can't get a loan.
Many companies, including GM's own GMAC Financial Services, have tightened credit standards because they can't...
DETROIT - With October auto sales expected to fall short of September's 15-year low, General Motors Corp. is launching a campaign this week to reach people who have stopped looking for cars out of fear that they can't get a loan.
Many banks...
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GMAC, the former lending arm of General Motors Corporation (NYSE: GM) has hedge fund Cerberus as its largest owner. GM still has a piece. Now, the financial firm has begun to undermine the fortunes of of the car company which created it to give...
GMAC will go bankrupt. The U.S lending giant is cut off from all lending sources. Smart depositors will flee its small bank (relative to GMAC itself). And its majority owner, Cerberus, won’t save it. It’s a pure liquidation play now– with the...
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1 month ago from Detroit Free Press