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Archive Home > 2008 > November > 06 > GMAC posts $2.5B loss

GMAC posts $2.5B loss


November 6, 2008

NEW YORK — GMAC Financial Services said Wednesday its third-quarter loss widened to $2.52 billion, as the ongoing woes of the global credit industry resulted in steep losses at its mortgage division. For the year-earlier period, GMAC had a loss of $1.6 billion. Revenue tumbled 24....

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