Latest GMAC Stories

2011-04-12 05:00:00

COLUMBUS, Ohio, April 12, 2011 /PRNewswire/ -- Huntington (NASDAQ: HBAN; www.huntington.com) has announced that it is significantly expanding its Michigan auto dealer financing business and will add key personnel in Michigan to support the expansion. "With Michigan's continuing economic recovery, we expect the state to remain a robust market for us," said Richard Porrello, director of Huntington's auto finance business.

2011-04-07 16:27:00

15,000 American Jobs Supported For Four Years WASHINGTON, April 7, 2011 /PRNewswire-USNewswire/ -- The Board of Directors of the Export-Import Bank of the United States today voted to grant preliminary approval for a $2.84 billion direct loan/loan guarantee to Colombia's Refineria de Cartagena S.A.

2011-04-07 12:28:00

DETROIT, April 7, 2011 /PRNewswire/ -- Dan Gilbert, Founder and Chairman of Detroit-based Quicken Loans Inc., announced the completion of the purchase of Chase Tower, a 505,000 square foot, 14-story high rise office building occupying a full city block at the foot of Campus Martius Park in downtown Detroit's central business district.

2011-03-30 13:49:00

DETROIT, March 30, 2011 /PRNewswire/ -- Ally Financial Inc. today announced that it has completed the refinancing of $15 billion in credit facilities at both the parent company and at its banking subsidiary, Ally Bank, with a syndicate of 21 lenders.

2011-03-28 16:49:00

Maine Company's Technology Used in Sudan Election WASHINGTON, March 28, 2011 /PRNewswire-USNewswire/ -- Planson International Corporation, a small, woman-owned tech company headquartered in New Gloucester, Maine, is to receive the 2011 Sub-Saharan Africa Exporter of the Year award from the Export-Import Bank of the United States (Ex-Im Bank).

2011-03-22 16:09:00

DETROIT, March 22, 2011 /PRNewswire/ -- General Motors Company (NYSE: GM) today announced the sale of all of its shares of Fixed Rate Perpetual Preferred Stock, Series A, of Ally Financial Inc. in a registered public offering for a total of $1.0 billion.

2011-03-18 09:30:00

AUBURN HILLS, Mich., March 18, 2011 /PRNewswire/ -- American Red Cross to receive $100,000 Additional employee and dealer contributions matched up to $100,000 The Chrysler Foundation, the philanthropic arm of Chrysler Group LLC, announced today it will donate $100,000 to the American Red Cross for Japan disaster relief efforts.

2011-03-10 09:00:00

NEW YORK, March 10, 2011 /PRNewswire/ -- More than two-thirds of business professionals surveyed recently believe their companies are likely to attempt at least one divestiture--if not more--in the next three years, according to a survey from Deloitte about divestitures. According to the Deloitte "Divestiture Survey Report," 49 percent of the respondents believe their companies are likely to attempt one to two divestitures over the next three years, while 14 percent may attempt between three...

2011-03-02 16:30:00

DETROIT, March 2, 2011 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced that the U.S. Department of the Treasury (Treasury) will be repaid $2.7 billion from the sale of all the Trust Preferred Securities that Treasury holds in Ally.

2011-02-28 16:00:00

DETROIT, Feb. 28, 2011 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced that John D. Durrett, 62, has been appointed to its board of directors by the U.S. Department of the Treasury, effective immediately.

Word of the Day
  • To befool; deceive; balk; jilt.
  • An illusion; a trick; a cheat.
The word 'begunk' may come from a nasalised variant of Scots begeck ("to deceive, disappoint"), equivalent to be- +‎ geck.