By Leftlane Staff
Thursday, Mar 30th, 2006 @ 2:01 pm

General Motors is in talks to sell 51 percent of its GMAC finance unit, according to Reuters. As an auto enthusiasts, you may or may not be aware of GMAC, but it’s not hard to see how GM will benefit. The automaker is expected to earn about $11 billion from the sale. That’s more than GM’s entire loss for 2005. Earlier today, we reported that GM was considering selling its stake in Isuzu, which is worth about $333 million. GM may be readying extra cash in anticipation of a strike at Delphi, which would cost the company $7 billion to $8 billion if it lasted 60 days.

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