Reuters: GM shares jump after GMAC won bank holding status

[chris]

GM shares jump after GMAC won bank holding status
      

DETROIT (Reuters) - Shares of General Motors Corp  jumped more than 18 percent on Friday after its auto-finance affiliate, GMAC, achieved eligibility for government loans, easing the risk of a failure that threatened to kill credit for GM dealers and buyers.<div class="feedflare">
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