DETROIT — GMAC Financial Services announced Wednesday that it is restructuring its North American auto finance business, which includes trimming about 15 percent of its workforce. The goal of this ...

NEW YORK — Boosted by originations returning to more normal levels, credit improvements and used-car prices, GMAC reported this week that it global auto finance business had a third-quarter pre-tax ...

GRAND BLANC, Michigan -- The financing arm of General Motors Corp. still wouldn't say on Saturday if it had met a midnight deadline to clear a final hurdle in its bid to become a bank holding company ...

DENVER -- GMAC Financial Services has applied to become a bank holding company, which would allow General Motors' financing arm to be eligible for aid under the government's $700 billion bank rescue ...

New GMAC data shows U.S. business schools are losing ground with global candidates as prospective students demand proof of ROI over promises of transformation Every year, the GMAC Prospective Students ...

With the federal government almost certain to take control of GMAC Financial Services, analysts suggest that it could become a loan machine that gives General Motors and Chrysler a huge advantage over ...

The Treasury Department said that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp., from the $700 billion bank rescue program. The government ...

WASHINGTON – Auto lender GMAC Financial Services will receive $7.5 billion in additional government aid to keep loans flowing to would-be buyers of GM and Chrysler vehicles and shore up its capital ...

NEW YORK -- GMAC Financial Services, which provides both automotive and home loans, said Tuesday it posted a wider second-quarter loss of $3.9 billion as it transformed from an arm of General Motors ...

The banking unit of ailing auto financer GMAC is changing its name. Starting today, GMAC Bank becomes Ally Bank -- not to be confused with the over-the-counter weight loss drug, Alli (although after ...