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Gmac

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

Yvette Kantrow | Posted 06.11.2009 | Business

Read More: Citigroup, Bank of America, Gmac, Redneck Bank, Advertising Age, Media Maneuvers, Ally Bank, Ad Age, Yvette Kantrow, New York Times, Jamie Dimon, Media, Bank of the Wichitas, Business News
Yvette Kantrow

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

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Executive Pay: Treasury to Set Top Compensation At 7 Companies

nytimes.com | STEPHEN LABATON | Posted 06.11.2009 | Business

Read More: Treasury Department, Wall Street Bailout, Chrysler, Bank of America, Gm, Aig, Gmac, Bailout, Tim Geithner, CEO Compensation, Chrysler Financial, Wall Street Pay, Executive Compensation, Compensation-Rules, Pay Restrictions, Citigroup, Business News

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...

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UPDATED: GMAC CEO's Private Jet Use

The Huffington Post | Ryan McCarthy | Posted 06.10.2009 | Business

Read More: Alvaro De MOlina, GMAC CEO, Private Jet, Gmac, CEO Private Jet, GMAC Bailout, Business News

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...

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CEO Private Jet Use Skyrockets

ABC News | Scott Mayerowitz | Posted 06.10.2009 | Business

Read More: IBM Samual J. Palmisano, CEO Travel, Ibm, Private Jets, Amex, CEO Private Jet Use, Kenneth I. Chenault, Gmac, Avalro G. De Molina, Business News

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

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TARP Repayments Reveal The Weakest Banks

usnews.com | Rick Newman | Posted 06.09.2009 | Business

Read More: Tarp Banks, Tarp Bailout, Gmac, Goldman Sachs, Bank of America, Citigroup, Troubled Asset Relief Program, Tarp, Business News

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 ...

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Banks Earned $7.6 Billion In First Quarter Profits

AP | MARCY GORDON | Posted 05.27.2009 | Business

Read More: Investment Banks, Fdic, Morgan Stanley, Wells Fargo, Federal Deposit Insurance Corp, Bank of America, Banks, Banking Crisis, Sheila Bair, FDIC Chairman Sheila Bair, Gmac, Citigroup, Business News

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...

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Treasury To Lend GMAC At Least $7 Billion More

AP | Posted 05.21.2009 | Business

Read More: Tarp, Detroit Automakers, Auto Bailout, Treasury Department, Chrysler, General Motors, Gm, Auto Loan, Timothy Geithner, Gmac, Detroit Bailout, Business News

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

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Opportunity Knocking -- Green Auto Financing

Jack Hidary | Posted 05.20.2009 | Green

Read More: Geithner, Auto Bailout, Chrysler, Gmac, Timothy Geithner Treasury Secretary, Auto Laons, Oil Dependency, Gm, Oil, Obama, Obama Bailout, Green Auto Financing, Green News
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.

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Obama: "Ich bin ein Chrysler!"

Steve Parker | Posted 04.30.2009 | Business

Read More: Lee Iacocca, Chrysler Bankruptcy, Jfk Speech, Jim Press, United Auto Workers, Sergio Marchionne Fiat, Cars, Obama Berlin Speech, Highland Park, Barack Obama, Gmac, Fiat Chrysler, Daimler, Cerberus Capital Management, General Motors, Robert Nardelli, Toyota Motor Corp, Alfa Romeo, Benito Mussolini, Business News
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."

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Chrysler Vultures May Win Too

Diane Francis | Posted 04.30.2009 | Business

Read More: Chapter 11, Automakers, Gmac, Chrysler, Auto Bailout, President Obama, Bankruptcy, General Motors, Hedge Funds, Fiat, Caw, Car Woes, Uaw, Auto Industry, Detroit, Cars, Business News
Diane Francis

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

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

Steve Parker | Posted 02.04.2009 | Business

Read More: Big Pharma, Porsche, Scion, Automotive News, Chrysler, President Obama, Isuzu, Mercedes-Benz, Cars, Fiat, Ford, Gmac, Buy American, Chevy Silverado, Cerberus Capital Management, General Motors, Maybach, Stimulus Package, Hyundai, Hertz, Barbara Mikulski, Toyota, Detroit Three, Chevy Malibu, Lexus, Mexico, Xerox, Smart Car, Automotive Fleet, Subaru, Daimler, Japan, Europe, China, Business News
Steve Parker

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

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

Dennis O'Brien | Posted 01.08.2009 | Business

Read More: Junk Bonds, Drexel Burnham Lambert, Chrysler, John Snow, Chrysler Bailout, Ezra Merkin, New York Law School, Gmac, Cerberus, Auto Bailout, Chrysler Cerberus, Cerberus Capital Management, Ascot Partners, Dan Quayle, Henry Paulson, Financial Crisis, Bernard Madoff, Nyu, Cerberus Capital, Ariel Mutual Funds, GMAC Bailout, Steve Feinberg, Congressional Bailout, Detroit Bailout, Business News
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.

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Madoff, Merkin and the Epidemiology of Fraud

Bradley W. Bloch | Posted 01.07.2009 | Business

Read More: Fraud, Transparency, Social Networks, Madoff Fraud, Social Networking, Mark Cuban, Bernard Madoff, Securities and Exchange Commission, Ezra Merkin, Gmac, Business News
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.

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

Steve Parker | Posted 01.03.2009 | Business

Read More: Ebay, Treasury Department, Porsche, Automotive News, Paris Dakar Rally, Wall Street Bailout, Congress, Hank Paulson, Troubled Assets Relief Program, Chrysler, Ford Mustang, Detroit Lions, Cars, Detroit News, Ford, Highland Park, Supercharger, Dodge Durango Hybrid, General Motors, Chad Hall, Dodge Challenger, Chrysler EVs, Chevy Cobalt, 1974 Oil Embargo, Detroit, Carroll Shelby, Off-Road, Baja 1000, Porsche Panamera, Detroit Bailout, Chrysler Aspen Hybrid, Pickups, FICO Score, Chevy Cruze, Minivan, Hilton Hotels, Nascar, Detroit Three, Gm, Robby Gordon, Mexico, Washington DC, Daewoo, Rod Hall, Tokyo, Gmac, TARP and Auto Bailout, Seoul, Detroit Three Loans, San Jose Del Cabo, Hummer Sale, gt500, Darpa, Stuttgart, SUV Sales, Detroit Auto Show, Business News
Steve Parker

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

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Government To Get 5 Million Preferred GMAC Shares

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

Read More: Automakers, Tarp, Gmac, Automaker Bailout, General Motors, Gm, Bailout, Business News

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...

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GMAC Will Qualify For Fed Assistance Thanks To Deal

AP | BREE FOWLER | Posted 12.31.2008 | Business

Read More: Gmac, Gm, Finance, Federal Reserve, Treasury, Financial Crisis, Tarp, Business News

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...

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

Steve Parker | Posted 12.25.2008 | Business

Read More: Cell Phones, Tarp, Automotive News, Good Sam Club, Chevy Volt, Troubled Assets Relief Program, Tata Motors, Honda Accord, Rose Parade Committee, Chrysler, Rick Wagoner, Honda, Federal Reserve, Cars, F1, The Oscars, Ford, FCX Clarity, General Motors Acceptance Corporation, Gmac, Representative Sandy Levin, Senator Carl Levin, Jean Shepherd, General Motors, Japanese Cars, Suburban, Hyundai, Christmas, Pasadena Rose Parade, Nobuhiko Kawamoto, GMAC Bailout, Jaguar, Hyundai Excel, Toyota, Chevrolet, Washington DC, American Honda, Land Rover, Red Ryder Bb Gun, Floorplanning, Formula One, Chevrolet Cruze, Asimo, Daisy Red Ryder Bb Gun, Landline Phones, Rolls-Royce Phantom, Honda Super Cub, Pasadena, Santa Claus, Subaru, Hawaii, Business News
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.

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GMAC Will Be Eligible To Seek TARP Funds

AP | MARTIN CRUTSINGER | Posted 12.25.2008 | Business

Read More: Gmac, Bailout, Gm, Tarp, GMAC Bailout, Business News

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

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Crash Test

Amy Ephron | Posted 11.12.2008 | Green

Read More: Gmac, Chrysler, Union Shop, Cerberus Capital Management, General Motors, Hybrid, Bail-Out, Nancy Pelosi, John Snow, Financial Crisis, Harry Reid, Henry Paulson, Auto Industry Bailout, Green News
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?

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GM/Chrysler Merger - 70,000 Idled

Steve Parker | Posted 10.30.2008 | Business

Read More: Slovakia, Hemi Hybrids, Chrysler, Dodge Viper, Norway, Cars, Spain, Ford, Dodge Durango Hybrid, Chevrolet General Manager Ed Pepper, Ford Escape Hybrid, SEMA Show, Los Angeles Auto Show, Cerberus Capital Management, Daewoo Lacetti, General Motors, Greece, Robert Nardelli, Hybrid Cars, Finland, Mercury Milan Hybrid, Plug-in Hybrids, Portugal, Chrysler Aspen Hybrid, Detroit One, Chrysler CEO, Czech Republic, Kurt Busch, Bob Nardelli, National Legal and Policy Center, Ford Fusion Hybrid, GM Chrysler Deal, Detroit Three, GM Chrysler Merger, Daewoo, Chevrolet Cruze, Gmac, Peter Flaherty, South Korea, Roger Penske, Mercury Mariner Hybrid, Nlpc, Business News
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.

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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

Read More: Automotive News, Gmac, Tesla Model S, Tesla Roadster, Tesla Motors, JD Power, Gm, Cars, Repossession, Business News
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...

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One American Carmaker -- Our Best Solution?

Steve Parker | Posted 10.12.2008 | Business

Read More: Wall Street Bailout, Chrysler, Secret Service, Cars, Gas/Electric Hybrid, Ford, Home Depot, Aig, Daimler, Cerberus Capital Management, General Motors, Hybrid Cars, Countrywide Financial, Detroit, Nissan, Los Angeles Times, North America, Toyota, Gm, Mazda, Detroit Three, Washington DC, European Union, Times of London, Escape Hybrid, Altima Hybrid, Gmac, Wall Street, Mercury Mariner Hybrid, Hillary Clinton, Asian, Auto Industry, President Clinton, Business News
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

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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

Read More: Lee Iacocca, House of Representatives, Automotive News, Plymouth Prowler, Detroit Three, Dodge Viper, Chevrolet, Cars, Indian Carmakers, Ford Motor Co, Just in Time Manufacturing, Camaro, Chevrolet Volt, Chrysler, GMAC, Kanban, Daimler, Cerberus Capital Management, General Motors, Bailout, Electric Cars, Chinese Carmakers, President Bush, Business News
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...

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