Posted on 09/24/2008 2:28:16 PM PDT by johncocktoasten
About GMAC
GMAC is a global, financial services company that operates in 39 countries, in auto finance, residential mortgage, insurance and commercial finance businesses. With more than $300 billion in assets, it generated $2.4 billion in net income in 2005, on revenue of $19.2 billion. General Motors, which currently owns all of the equity of GMAC, recently announced it will sell a majority of its interest to a consortium of investors led by Cerberus Capital Management.
2006
I gotta fevah!
I remember another story where some guy bought a new truck and they gave him the wrong one or something - they then literally stole it back from him. I don’t remember the details or how it came out, but they really looked like jerks when it happened.
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