Latest GMAC Stories

2010-04-23 15:40:00

ROTTERDAM, Netherlands, April 23 /PRNewswire/ -- The United States Bankruptcy Court for the Southern District of New York confirmed LyondellBasell's Plan of Reorganization today. The Plan received broad-based support from virtually all creditor classes entitled to vote on the Plan.

2010-04-21 05:00:00

AUBURN HILLS, Mich., April 21 /PRNewswire/ -- Net Revenues in Q1 2010 increased to $9,687 million, up from $9,434 million in Q4 2009.Operating Profit(a) came in at $143 million, as trading margins turned positive and continued to improve.Modified EBITDA(b) was $787 million, or 8.1 percent of Net Revenues.

2010-04-16 09:00:00

DETROIT, April 16 /PRNewswire/ -- The GMAC Financial Services board of directors has declared quarterly dividend payments for certain outstanding preferred stock. The dividends were declared on March 25, 2010 and are payable on May 17, 2010.

2010-04-15 07:05:00

PRINCETON, N.J., April 15 /PRNewswire/ -- When NAFA Fleet Management Association decided to hold its 2010 Institute & Expo in Detroit, the Association reached out to the Detroit Three (General Motors, Ford, and Chrysler).

2010-04-13 12:07:00

DETROIT, April 13 /PRNewswire/ -- In recognition of financial literacy month, GMAC Financial Services encourages consumers to understand their personal finances and to leverage free online tools such as the SmartEdge program to become more educated.

2010-04-12 12:00:00

MINNEAPOLIS, April 12 /PRNewswire/ -- GMAC Financial Services today announced that its mortgage subsidiary, Residential Capital, LLC (ResCap), has agreed to sell its European mortgage assets and businesses to affiliates of certain funds managed by affiliates of Fortress Investment Group LLC (NYSE: FIG).

2010-04-08 15:37:00

DETROIT, April 8 /PRNewswire/ -- GMAC Financial Services today announced that its retail banking subsidiary, Ally Bank, has entered into a $7 billion secured revolving credit facility with a syndicate of lenders.

2010-04-08 11:39:00

WASHINGTON, April 8 /PRNewswire-USNewswire/ -- April is Financial Literacy Month, and there's no time like the present for consumers to educate themselves about auto financing, says Americans Well-informed on Auto Retailing Economics (AWARE).

2010-04-05 12:35:00

JACKSON CENTER, Ohio, April 5 /PRNewswire-FirstCall/ -- Thor Industries announced today that it has selected GMAC Financial Services as the preferred retail finance provider for its retail customers. Peter Orthwein, Thor Chairman and CEO said, "Retail financing plays a major role in RV sales.

2010-04-05 12:00:00

DETROIT, April 5 /PRNewswire/ -- GMAC Financial Services today announced that it will provide consumer financing for recreation vehicles and has been selected by Thor Industries as the preferred financial provider for its retail customers. Thor is the world's largest manufacturer of recreation vehicles, including brands such as Damon, Four Winds, Airstream, Dutchmen, Komfort, Breckenridge, CrossRoads, General Coach and Keystone RV.

Word of the Day
  • a slit in a tire to drain away surface water and improve traction.
The word 'sipe' comes from Old English and is related to 'seep'.