GMAC shift reduces control for GM, Cerberus (AP)

[riky]

GMAC shift reduces control for GM, Cerberus
    (AP)

 

AP - GMAC Financial Services' transition into a bank holding company should buy the troubled lender some time to turn itself around, but the cost is a loss of control for its owners General Motors Corp. and Cerberus Capital Management. It also raises a number of questions, including who will control GMAC going forward and how much its business model might change.


You are not allowed to view links. Register or Login/news.yahoo.com/s/ap/20081225/ap_on_bi_ge/fed_gmac