GMAC Financial Services will get a $3.8-billion boost in federal aid as the auto industry’s key lender to consumers and related businesses struggles to regain its financial footing. The lifeline, the ...

The government gave GMAC Financial Services another $3.8 billion in cash and took a majority stake in the auto lender, aiming to stabilize the company as it struggles with big losses in its home ...

RALEIGH, N.C. -- GMAC Financial Services LLC will expand operations in Charlotte and add more than 200 jobs in the city many of the company's executives already call home, the company said Friday. The ...

WASHINGTON — The auto financing giant GMAC relinquished its exclusive right to provide financing to people buying General Motors Corp. vehicles in exchange for as much as $6 billion in federal aid.

NEW YORK -- GMAC, the former lending arm of General Motors Co., is in talks with the Treasury Department for a third injection of taxpayer aid, a further sign of the U.S. government's entrenchment in ...

GMAC Financial Services is in advanced talks with the U.S. Treasury Department to bolster the lender with another helping of taxpayer funds, The Wall Street Journal reports. The government could ...

NEW YORK — Home and auto lender GMAC Financial Services said Thursday it lost $5 billion in the last three months of 2009, as losses from its mortgage operations kept the company in the red for ...

DETROIT, April 21 /PRNewswire/ -- GMAC Financial Services has announced the recipients of its biannual Community Leadership Award that recognizes exemplary volunteerism and the charitable giving of ...

NEW YORK — GMAC Financial Services, the main lender for General Motors Co. and Chrysler Group LLC, said Wednesday it loss narrowed to $767 million in the third quarter, as its auto lending unit made ...

GMAC Financial Services lost $1.6 billion in the third quarter as it fell victim to the turmoil sweeping through the mortgage industry, the lender said Thursday. The former financing arm of General ...

- 2007 second quarter net income of $293 million - Improvement of $598 million from prior quarter - GMAC cash and certain marketable securities climb to $17.5 billion - Increase from $12.8 billion at ...

Home and auto lender GMAC Financial Services said Thursday it lost $5 billion in the last three months of 2009, as losses from its mortgage operations kept the company in the red for another quarter.