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GMAC Plans IPO to Repay Its U.S. Aid

GMAC plans to return to the stock markets with an IPO in the next two years, in a move aimed at gradually exiting from government help and eventually repaying its rescue aid.

 

Report: GMAC to get another $3.5B in federal aid

GMAC Financial Services is expected to receive $3.5 billion more in federal aid to further stabilize the automotive lender, The Wall Street Journal reported Tuesday.

 

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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