U.S. to give $3.8 billion more in aid to GMAC

Courtesy Digg - Business & Finance  Thu, 01/07/2010 - 09:37

The federal government said Wednesday that it will take majority control of troubled auto lender GMAC and provide an additional $3.8 billion in aid to the company, which has been unable to raise from private investors the money it needs to staunch its losses.


 

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