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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03/30, 2:17 PM
posted by:
Adam Lindsay
Ha ha, idiots. Thats the one division that is doing well.
I bet Wall St….yep down 3% on the day.
03/30, 4:27 PM
posted by:
digitalzombie
isuzu? eww. they buy retarded crap. Well i’m just hoping they have a good GTO out soon.
03/31, 1:45 AM
posted by:
peter g
How about start producing and selling some decent cars?
03/31, 6:18 AM
posted by:
Ozzzie
I dont see how they are going to stay up any longer as the top auto car maker. I see Toyota and Ford maybe moving up in the ranks? Not too sure here. Ford is doing pretty good and the usual toyota…poor GM >_>
04/03, 2:20 PM
posted by:
oops...
Hi