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GM Close To Stake In Ally Foreign Operations

Saturday, November 17, 2012 - 9:57 AMAlly Bank - Details
From The Detroit News
General Motors Co. is nearing a deal to acquire some of the international operations of its former mortgage unit Ally Financial for about $4 billion, a person briefed on the matter said.

Ally, once a wholly owned General Motors Corp. subsidiary known as GMAC, is shedding its foreign operations to repay the U.S. government's $17.2 billion bailout.

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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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