| ID: |
28263 |
| Title: |
GMAC to get $1 bln from GM, cites subprime pressure
(Reuters)
|
| Description: |
Reuters - General Motors Corp. will inject
$1 billion into GMAC, its former finance arm said on Tuesday, a
capital infusion needed to complete the sale of the automaker's
majority stake in the face of escalating defaults in the U.S.
mortgage market. |
| Category: |
Business/Company Earnings/ |
| Link Owner: |
|
| Date Added: |
March 13, 2007 10:46:48 PM |
| Number Hits: |
0 |
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