GMAC to Get $1B From GM, Cites Subprime Pressure

March 12, 2007

General Motors Acceptance Corp., the former finance arm of General Motors Corp., on Tuesday said it would receive another $1 billion from GM and warned it would be hit by pressure from a weakening market for U.S. mortgages.

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GMAC to Get $1B From GM, Cites Subprime Pressure

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