DETROIT — GMAC Financial Services issued a statement on Monday offering an update on how TARP funds have helped the company expand its retail automotive financing, in addition to floor planning for ...

DETROIT (AP) — GMAC will no longer have exclusive rights to provide low-interest loans to people who buy General Motors Corp. vehicles, and it will stop financing leases under a complex deal to get ...

NEW YORK — GMAC Financial Services reported a 2008 second quarter net loss of $2.5 billion, compared with net income of $293 million last year. This downswing was largely due to industry-wide ...

WASHINGTON -- The government now has an equity stake in auto lender GMAC Financial Services after providing $12.5 billion in aid to keep loans flowing to buyers of GM and Chrysler cars, the Treasury ...

NEW YORK -- GMAC Financial Services, which provides both automotive and home loans, said Tuesday it posted a wider second-quarter loss of $3.9 billion as it transformed from an arm of General Motors ...

BOSTON (MarketWatch) -- GMAC Financial Services, the lending unit of General Motors Corp. , on Tuesday said it will restart auto financing for more U.S. customers because it has better access to ...

DETROIT (Reuters) - General Motors Co is considering options that would give it a captive auto financing arm and allow its dealers to offer more competitive loans and lease deals, two people with ...

A General Motors proposal to develop its own auto-financing business has put the U.S. government in the middle of a multi-billion-dollar tug of war between two bailed-out companies in which the ...