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Reuters: GMAC posts profit, but main units lose money

Started by chris, February 03, 2009, 04:59:10 PM

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chris

GMAC posts profit, but main units lose money
      
   
      


NEW YORK (Reuters) - Finance company GMAC LLC, which in December won a $6 billion government bailout, posted a $7.46 billion fourth-quarter profit on Tuesday because of a one-time gain, but its main operating units lost money amid higher credit losses and slumps in the housing and auto markets.<div class="feedflare">
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