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GMAC to get up to $5.6bn capital injection

GMAC, the car financing company, is set to receive up to $5.6bn in a new capital injection from the Treasury, filling a hole identified in the “stress tests” earlier this year and paving the way for the government to become the majority shareholder

 

Treasury Said to Plan Second Bailout for GMAC

The former financing arm of General Motors will receive $7.5 billion, which would bring its total federal assistance to more than $12 billion.

 

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