US Treasury to pump in additional $3.8 bn into GMAC

The US Treasury Department will
provide an additional aid of USD 3.8 billion (around Rs 17,670
crore) to GMAC Financial Services and boost its stake in the
troubled consumer finance firm to 56 per cent.

US takes controlling stake in GMAC in third bailout

The US government threw troubled GMAC a third lifeline, of 3.8 billion dollars, and took a controlling stake in a bid to turn around the mortgage and auto lender.

GMAC Financial Services to get additional aid of $3.5 bn: WSJ

GMAC Financial Services is likely to get around USD 3.5 billion (around Rs 16,350 crore) of additional aid from the US government to help cover its mortgage losses, a media report has said.

GMAC still short of capital, may get extra aid

GMAC, the former finance arm of General Motors, needs more capital to meet buffer requirements under the "stress tests" of banking groups conducted this year, the Federal Reserve has said.