William Muir to Retire from GMAC Next Year
13 Apr 2010, 12:53 UTC · By: Daniel Patrascu / GMAC Financial Services announced today the head of its global automotive services business will retire next year, following a 27 years career with the company. GMAC has launched an external search ...
GMAC Sells European Operations to Fortress
13 Apr 2010, 09:21 UTC · By: Daniel Patrascu / American financial institution GMAC announced yesterday it has decided to sell its European mortgage assets and businesses to Fortress Investment Group. Or rather, to certain funds managed by affili...
GMAC Expects $5 Billion Q4 Loss
6 Jan 2010, 16:23 UTC · By: Daniel Patrascu / Financial institution GMAC is bracing itself for a huge $5 billion loss for the fourth quarter of 2009 alone, despite the recent $3.79 billion received from the US Treasury. The news was confirmed b...
GMAC Gets $3.79Bn from the US Treasury
4 Jan 2010, 15:05 UTC · By: Daniel Patrascu / Following several months of uncertainty and one change in management, GMAC Financial Services announced it has received an infusion of $3.7 billion from the US Treasury, in the form of capital actio...
GMAC to Focus on Auto Business
19 Nov 2009, 15:12 UTC · By: Daniel Patrascu / As soon as Michael A. Carpenter was appointed new chief financial officer for GMAC Financial, the new CEO steeped into the spotlight and said that the company he now leads will keep the automotive b...