User-agent: Mediapartners-Google* Disallow: Trucks World News: SHEDS - USA - GMAC to shed $55 billion in loans
Google
 
Loading

Jul 28, 2005

SHEDS - USA - GMAC to shed $55 billion in loans

Santa Monica,CAL,USA -Autoblog, by Eric Bryant -Jul 27, 2005: -- GMAC, the lending unit of GM that’s keeping the company afloat right now, will sell off $55B in loans to Bank of America over the next five years. Short-term, this will mean little to car buyers - even those that use GMAC, as they will still service the loans - but will hopefully allow GM to significantly reduce its debt load and maybe even put a little cash in its pockets...

0 Comments:

Post a Comment

<< Home