GMAC's New Chief Carpenter Focuses on Autos, ResCap: Video
Bloomberg
Nov. 17, 2009. 01:01 PM EST
Nov. 17 (Bloomberg) -- GMAC Inc., the lender seeking a third taxpayer bailout, must focus on auto... More »
Nov. 17 (Bloomberg) -- GMAC Inc., the lender seeking a third taxpayer bailout, must focus on auto financing and find a “solution” to its money-losing Residential Capital LLC mortgage business, newly appointed Chief Executive Officer Michael Carpenter said. Carpenter, a former Citigroup Inc. executive, replaced Alvaro de Molina, who resigned yesterday. Bloomberg's Greg Miles reports. (Source: Bloomberg) « Less
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