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 ...

The government on Wednesday provided a fresh $3.8 billion cash infusion to stabilize GMAC Financial Services as the financing company struggles with hefty losses in its home mortgage unit. The ...

GRAND BLANC, Michigan -- The financing arm of General Motors Corp. still wouldn't say on Saturday if it had met a midnight deadline to clear a final hurdle in its bid to become a bank holding company ...

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 ...

DENVER -- GMAC Financial Services has applied to become a bank holding company, which would allow General Motors' financing arm to be eligible for aid under the government's $700 billion bank rescue ...

NEW YORK — Boosted by originations returning to more normal levels, credit improvements and used-car prices, GMAC reported this week that it global auto finance business had a third-quarter pre-tax ...

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 ...

The government is providing auto lender GMAC Financial Services with $7.5 billion in additional aid to keep loans flowing to would-be buyers of GM and Chrysler vehicles. Treasury Secretary Timothy ...

DETROIT, May 11 (Reuters) - General Motors Co [GM.UL] 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 ...