Gmac

Funny bankin' doesn't have to mean crisis bankin'

Yvette Kantrow | Posted 06.11.2009 | Business


Yvette Kantrow

Really? Redneck bank has big worries? What are those, pray tell? The Times never does

Executive Pay: Treasury to Set Top Compensation At 7 Companies

nytimes.com | STEPHEN LABATON | Posted 06.11.2009 | Business


WASHINGTON -- The Obama administration's sweeping new proposal to restrict executive pay is likely to be a humbling exercise for seven of the nation's...

UPDATED: GMAC CEO's Private Jet Use

The Huffington Post | Ryan McCarthy | Posted 06.10.2009 | Business


UPDATED -- A spokesperson for GMAC responded to this story and said that the increase in Al de Molina's compensation in 2008 was a result of to him be...

CEO Private Jet Use Skyrockets

ABC News | Scott Mayerowitz | Posted 06.10.2009 | Business


As hordes of Americans watched their retirement savings disappear and their home values plunge after the economic crisis started in September, many co...

TARP Repayments Reveal The Weakest Banks

usnews.com | Rick Newman | Posted 06.09.2009 | Business


The government has finally acknowledged something it wanted to keep secret six months ago: Which banks are in the worst financial health. It's now ...

Banks Earned $7.6 Billion In First Quarter Profits

AP | MARCY GORDON | Posted 05.27.2009 | Business


WASHINGTON — The nation's banks turned a profit in the first quarter, but the number of problem banks jumped to the highest level in 15 years an...

Treasury To Lend GMAC At Least $7 Billion More

AP | Posted 05.21.2009 | Business


NEW YORK — The Treasury Department is set to inject billions more dollars into GMAC Financial Services, according to media reports. The Wall Stre...

Opportunity Knocking -- Green Auto Financing

Jack Hidary | Posted 05.20.2009 | Green


Jack Hidary

If the taxpayer will now foot the bill for auto financing then we should get something in return -- cleaner air and lower oil imports.

Obama: "Ich bin ein Chrysler!"

Steve Parker | Posted 04.30.2009 | Business


Steve Parker

Obama talked his usual great game of absolute confidence at the end of his announcement this morning, telling the country, "If you're going to buy a new car, buy an American car."

Chrysler Vultures May Win Too

Diane Francis | Posted 04.30.2009 | Business


Diane Francis

So here's what is next: Chrysler's hedge funds will make money on the deal because the courts will award something.

January Car Sales -- a Final Reckoning Begins in Earnest ?

Steve Parker | Posted 02.04.2009 | Business


Steve Parker

Until the travel business picks up and businesses in general start replacing their vehicle fleets, Detroit will be outside looking in.

Snow, Quayle, Feinberg and Merkin: This Is Who Gets Our Bailout Money?

Dennis O'Brien | Posted 01.08.2009 | Business


Dennis O'Brien

As a completely unregulated private equity partnership, Cerberus has no public reporting requirements. In fact, they are now refusing to disclose their finances even after the bailout.

Madoff, Merkin and the Epidemiology of Fraud

Bradley W. Bloch | Posted 01.07.2009 | Business


Bradley W. Bloch

The Madoff scandal sheds light on the extent to which friendships, philanthropic involvement, and other social ties influence presumably "rational" decisions, like how money is invested.

Bottom Line: 2008 Car/Truck Sales Probably Worst Since 1974

Steve Parker | Posted 01.03.2009 | Business


Steve Parker

The only other time the industry has seen a 3-million (or more) unit plunge was following the 1974 oil shortage.

Government To Get 5 Million Preferred GMAC Shares

AP | TOM KRISHER and BREE FOWLER | Posted 01.02.2009 | Business


DETROIT — GMAC LLC will no longer have exclusive rights to provide no- or low-interest loans to people who take advantage of General Motors fina...

GMAC Will Qualify For Fed Assistance Thanks To Deal

AP | BREE FOWLER | Posted 12.31.2008 | Business


NEW YORK — The financing arm of General Motors Corp. completed a complicated debt deal that fell short of the goal it set for the amount of fres...

Some Good -- and Fun -- Automotive News for the Holidaze

Steve Parker | Posted 12.25.2008 | Business


Steve Parker

Really wish there were better news to post about, but the auto industry is reeling worldwide, and there's no better example than Toyota.

GMAC Will Be Eligible To Seek TARP Funds

AP | MARTIN CRUTSINGER | Posted 12.25.2008 | Business


WASHINGTON — The Federal Reserve gave an early Christmas present to General Motors' finance arm, allowing the ailing provider of auto loans to q...

Crash Test

Amy Ephron | Posted 11.12.2008 | Green


Amy Ephron

I know that 600,000 jobs hang in the balance over the auto industry bailout, but wait, I have a solution. Why don't we convert the factories to alternative energy sector plants?

GM/Chrysler Merger - 70,000 Idled

Steve Parker | Posted 10.30.2008 | Business


Steve Parker

It wasn't hard to predict the demise of the "Hemi hybrid," but the end came a lot faster than expected. They should have given them a full year of production before, literally, pulling the plug.

Lay-offs at Tesla; Repo's to hit record; GM hawks "finance options" and 25% of new-car market may be lost

Steve Parker | Posted 10.16.2008 | Business


Steve Parker

Two more pieces of bad news today facing carmakers, dealers and us ... car-buyers and owners: Repossessions are set to break records, while industry a...

One American Carmaker -- Our Best Solution?

Steve Parker | Posted 10.12.2008 | Business


Steve Parker

If the Detroit Three were to merge into one company, ownership shared with the American people, it could benefit everyone; the carmakers, their dealers and their customers

Major car-maker haps: Detroit gets their bailout, Daimler selling their last 20% of Chrysler, world's largest Chevrolet dealer group closes

Steve Parker | Posted 09.25.2008 | Business


Steve Parker

Three major events involving the world of cars, politics and finance, both in the US and abroad. First, Automotive News reports, "Automakers and supp...