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Archive Home > 2008 > December > 31 > GMAC loosens credit for vehicle purchases

GMAC loosens credit for vehicle purchases


December 31, 2008

NEW YORK — A $5 billion government bailout aimed at reviving General Motors Corp.’s ability to make car and truck loans has dealers hopeful that cash-strapped consumers will return to their showrooms.

GMAC Financial Services, the automaker’s troubled financing arm,....

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