The Detroit Auto Show is just three months away, and the countdown has officially begun with a glamorous fashion event at ...

The net effect is nearly the same, but there's a real twist in the fine print of the agreements by which GMAC Financial Services became a bank holding company and qualified for a government bailout.

The Treasury Department said Monday that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp., from the $700 billion bank rescue program. The ...

DETROIT - 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 federal ...

NEW YORK (CNNMoney.com) -- GMAC chairman J. Ezra Merkin, who lost billions after getting caught up in the Madoff scandal, resigned from the finance company's board Friday. During the transition to a ...

Congressional Oversight Panel wants to see "clear path to viability." WASHINGTON, March 11, 2010— -- A bailout watchdog warned Thursday that the three infusions of federal for troubled lender ...

Northwood’s women’s soccer team remained unbeaten Saturday with a 1-1 tie against GMAC-leading Cedarville. The Timberwolves ...

GMAC Financial Services will close its mortgage processing center in West Hartford at the end of March, laying off 84 employees. GMAC Mortgage, part of Detroit-headquartered GMAC Financial Services, ...

In these days of paltry dividend yields -- the S&P 500 throws off just 1.8% these days -- getting almost 8% from a company on the Dow Jones Industrial Average sounds pretty enticing. Which is why many ...

Home and auto lender GMAC Financial Services said Thursday it lost $5 billion in the last three months of 2009, as losses from its mortgage operations kept the company in the red for another quarter.

DETROIT -- GMAC announced late Monday that it received $5 billion from the government, selling that much in warrants to the Department of Treasury through the Troubled Assets Relief Program, or TARP.

WASHINGTON — The auto financing giant GMAC relinquished its exclusive right to provide financing to people buying General Motors Corp. vehicles in exchange for as much as $6 billion in federal aid.