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 ...

GMAC Financial Services is in advanced talks with the U.S. Treasury Department to bolster the lender with another helping of taxpayer funds, The Wall Street Journal reports. The government could ...

DETROIT — GMAC will no longer have exclusive rights to provide low-interest loans to people who buy General Motors Corp. vehicles, and it will stop financing leases under a complex deal to get federal ...

DETROIT — A 27-year veteran of GMAC Financial Services and its former parent General Motors, Bill Muir, head of the company's global automotive services, announced his intention Monday to retire ...

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 ...

NEW YORK — GMAC Financial Services reported a 2008 second quarter net loss of $2.5 billion, compared with net income of $293 million last year. This downswing was largely due to industry-wide ...

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 ...

The Federal Reserve gave an early Christmas present to General Motors' finance arm, allowing the ailing provider of auto loans to qualify for the government's $700 billion rescue fund. The Fed ...

Home and auto lender GMAC Financial Services said Thursday it lost $5 billion in the last three months of 2009, as losses from its mortgage operations kept the company in the red for another quarter.