Posts Tagged ‘GMAC Financial Services’
GMAC Financial Services says it has now approved or is near final approval of 93 percent of the 1,474 Chrysler Group dealers who applied for wholesale financing credit lines.
Tags: Chrysler, Chrysler Dealers, Chrysler Financial, Chrysler Financing, Chrysler Group, Final Approval, Gmac, GMAC Financial Services, Wholesale
GMAC Financial Services expects to report a $5 billion net loss in the fourth quarter despite the $3.79 billion cash infusion it has received from the U.S. Treasury Department, CEO Michael Carpenter told analysts this afternoon.
Tags: Cash Infusion, Ceo Michael, Fourth Quarter, Gmac, GMAC Financial Services, Michael Carpenter, Treasury Department, U S Treasury, U S Treasury Department, U.S. Treasury Department, USD
GMAC Financial Services said last week it will get $3.79 billion in additional aid from the U.S. government, on top of the $12.5 billion already received since December 2008.
Tags: Gmac, GMAC Financial Services, Government Aid, U.S. government, United States, USD
GMAC Financial Services said today it will get $3.79 billion in additional aid from the U.S. government, on top of the $12.5 billion already received since December 2008.
Tags: Gmac, GMAC Financial Services, Government Aid, U.S. government, United States, USD
Seeking to avert the loss of about 140 Chrysler Group dealerships, GMAC Financial Services is working with the stores to approve their wholesale financing.
Tags: Chrysler, Chrysler Dealerships, Chrysler Group, GMAC Financial Services, Loans, Wholesale
More than 100 Chrysler dealerships face possible closure if they cannot reach new financing deals with GMAC Financial Services or another lender, people involved in the process said.
Tags: Chrysler, Chrysler Dealerships, Closure, Face, GMAC Financial Services
More than 100 Chrysler dealerships face possible closure if they cannot reach new financing deals with GMAC Financial Services or another lender, people involved in the process said.
Tags: Chrysler, Chrysler Dealerships, Closure, Face, GMAC Financial Services
More than 100 Chrysler dealerships face possible closure if they cannot reach new financing deals with GMAC Financial Services or another lender, people involved in the process said.
Tags: Chrysler, Chrysler Dealerships, Closure, Face, GMAC Financial Services
More than 100 Chrysler dealerships face possible closure if they cannot reach new financing deals with GMAC Financial Services or another lender, people involved in the process said.
Tags: Chrysler, Chrysler Dealerships, Closure, Face, GMAC Financial Services
The boardroom shake-up at GMAC Financial Services still leaves the company on course to become a broad-based financial services company serving dealers of all makes.
Tags: Auto Business, Boardroom, Business New, Financial Services Company, Gmac, GMAC Financial Services, Top Priority
Alvaro de Molina resigned today as CEO of GMAC Financial Services after less than two years on the job, as the GMAC board asked the U.S. Treasury Department to delay a third round of financial assistance for the lender.
Tags: Alvaro De Molina, Carpenter, Ceo, Financial Assistance, Gmac, GMAC Financial Services, Job Board, Treasury Department, U S Treasury, U S Treasury Department, U.S. Treasury Department
Alvaro de Molina, CEO of GMAC Financial Services, has a big vision for transforming GMAC into a bank.
Tags: Alvaro De Molina, bank, Ceo, Gmac, GMAC Financial Services, Molina
Alvaro de Molina, CEO of GMAC Financial Services, has a big vision for transforming GMAC into a bank.
Tags: Alvaro De Molina, bank, Ceo, Gmac, GMAC Financial Services, Molina
GMAC Financial Services, which has received $12.5 billion in federal aid, is negotiating for a fresh infusion of taxpayer funds because it has not raised enough capital to survive a deepening recession, the Federal Reserve said.
Tags: Cash Infusion, Federal Reserve, Federal Reserve System, Gmac, GMAC Financial Services, Recession, Taxpayer Funds, USD
GMAC Financial Services should extend a six-month program of interim floorplan financing for Chrysler Group dealerships to help keep many of them from going out of business, a Michigan congresswoman says. Rep. Candice Miller, R-Mich.
Tags: Candice Miller, Chrysler, Chrysler Dealer, Chrysler Dealerships, Chrysler Financial, Chrysler Group, Congresswoman, Floorplans, Gmac, GMAC Financial Services, Going Out Of Business, Lawmaker, Michigan
GMAC Financial Services, a lender that has received $12.5 billion in government bailouts, today said it posted a third straight quarterly loss, hurt by red ink in its mortgage business.
Tags: Auto Finance, auto finance profit, Gmac, Gmac Auto, Gmac Finance, GMAC Financial Services, Mortgage Business, Quarterly Loss, Red Ink, USD
GMAC Financial Services may not need as much funding as U.S. officials had projected in its layer of taxpayer-backed funding, U.S. Treasury Secretary Timothy Geithner said today.
Tags: Gmac, GMAC Financial Services, Timothy Geithner, Treasury Secretary, U S Treasury, U.S. Treasury, United States
GMAC Financial Services may not need as much funding as U.S. officials had projected in its layer of taxpayer-backed funding, U.S. Treasury Secretary Timothy Geithner said today.
Tags: Gmac, GMAC Financial Services, Infusion, Timothy Geithner, Treasury Secretary, U S Treasury, U.S. Treasury, United States
GMAC Financial Services Inc. is talking with the U.S. Treasury Department about a possible additional cash infusion to the company, an Obama administration official confirmed on Tuesday night.
Tags: Administration Official, Cash Infusion, Financial Services Inc, GMAC Financial Services, Treasury Department, Tuesday Night, U S Treasury, U S Treasury Department
GMAC Financial Services Inc. is talking with the U.S. Treasury Department about a possible additional cash infusion to the company, an Obama administration official confirmed on Tuesday night.
Tags: Administration Official, Cash Infusion, Financial Services Inc, Gmac, GMAC Financial Services, GMAC Financial Services Inc., Obama administration, Treasury Department, Treasury Services, Tuesday Night, U S Treasury, U S Treasury Department, U.S. Treasury Department
The U.S. Treasury Department is in talks with GMAC Financial Services Inc. about a possible additional cash infusion to the company, an Obama administration official confirmed on Tuesday night.
Tags: Administration Official, Cash Infusion, Financial Services Inc, Gmac, GMAC Financial Services, GMAC Financial Services Inc., Obama administration, Treasury Department, Tuesday Night, U S Treasury, U S Treasury Department, U.S. Treasury Department
The National Automobile Dealers Association is trying to negotiate a deal between GMAC Financial Services and Chrysler Financial to help Chrysler dealers transfer their inventory credit lines to GMAC.
Tags: Automobile Association, Automobile Dealers Association, Chrysler, Chrysler Dealers, Chrysler Financial, Financial Help, GMAC Financial Services, Nada, National Automobile Dealers, National Automobile Dealers Association
A new program from GMAC Financial Services will pay dealers cash bonuses of $50 to $100 per contract based on their new and used retail finance contract volume with the lender.
Tags: Carrot, Cash Bonuses, Contract Volume, Finance Contract, GMAC Financial Services, Retail Finance
GMAC Financial Services is starting a new dealer rewards program after it canceled its benefits for and#8220;platinumand#8221; dealers a year earlier in an effort to stay in business.
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