GMAC gets $6bn injection from US Treasury

The US Treasury department late on Monday unveiled up to $6bn in aid for GMAC, the financial services group which is critical to part-owner ‘ turnaround. The Treasury said in a statement it would buy $5bn in senior preferred equity with an 8 per cent dividend from GMAC, characterising the….

Posted: 2009-01-01 09:56:00

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