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Archive Home > 2009 > May > 22 > GMAC to get $7.5B in aid

GMAC to get $7.5B in aid


May 22, 2009

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 position — marking the second time the government has stepped in to prop up....

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