Latest GMAC Stories

2010-05-12 18:04:00

WASHINGTON, May 12 /PRNewswire-USNewswire/ -- Ed Tonkin, chairman of the National Automobile Dealers Association (NADA), issued the following remarks today in response to a statement issued by President Obama on financial reform: "Sadly, the White House is continuing to issue misleading statements in its efforts to get auto dealers wrongly included in Wall Street reform legislation.

2010-05-12 11:22:00

NOVI, Mich., May 12 /PRNewswire/ -- Cooper-Standard Holdings Inc., the parent company of Cooper-Standard Automotive Inc., announced that on May 12, 2010, the United States Bankruptcy Court for the District of Delaware confirmed its Second Amended Joint Chapter 11 Plan of Reorganization, paving the way for the Company to exit chapter 11 in late May. "Confirmation of the Plan is one of the final elements of a restructuring geared towards strengthening our financial footing and positioning the...

2010-05-12 08:00:00

BOSTON, May 12 /PRNewswire/ -- KDX Ventures, a joint venture between DebtX and KEMA Advisors, successfully auctioned $306 million in non-performing multifamily and healthcare loans for the U.S.

2010-05-11 10:21:00

DETROIT, May 11 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced that Barbara Yastine has been appointed to the newly-created role of chief administrative officer, effective immediately, as Samuel Ramsey, chief risk officer, elected to leave the company for personal reasons.

2010-05-05 09:32:00

DALLAS, May 5 /PRNewswire/ -- Residential originations continued to decline in MortgageDaily.com's First Quarter 2010 Mortgage Lender Ranking. Two top-10 originators were unseated. Based on an analysis of first-quarter activity, residential production at U.S.

2010-05-05 06:30:00

COLUMBUS, Ohio, May 5 /PRNewswire-FirstCall/ -- Huntington Bank (Nasdaq: HBAN; www.huntington.com) has announced that it is the number-one auto lender in Ohio for the second consecutive quarter.

2010-05-04 12:31:00

AUBURN HILLS, Mich., May 4 /PRNewswire/ -- Chrysler Group LLC today announced 0 percent financing on most 2010 model year Chrysler, Dodge, Jeep® and Ram truck vehicles when financed through GMAC Financial Services.

2010-05-03 08:00:00

NEW YORK, May 3 /PRNewswire/ -- GMAC Financial Services today reported net income of $162 million for the first quarter of 2010, compared to a net loss of $675 million for the first quarter of 2009.

2010-04-30 13:50:00

ROTTERDAM, Netherlands, April 30 /PRNewswire/ -- LyondellBasell today announced that the company has emerged from Chapter 11 bankruptcy protection.

2010-04-26 12:03:00

NEW YORK, April 26 /PRNewswire/ -- GMAC Financial Services has scheduled the release of its first quarter 2010 financial results for Monday, May 3, 2010. The press release, including financial highlights, will be issued at 9 a.m.

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.