GMAC Reports 2Q Loss; GMAC To Cut Back On Leasing

Auto Finance had loss of $717 million in 2Q; Wagoner may say GM lost $2 billion on leases for SUV...  More »

Auto Finance had loss of $717 million in 2Q; Wagoner may say GM lost $2 billion on leases for SUVs; Sales of new cars & light trucks fell 18% in June; GM, GMAC ratings cut to B- from B by Standard & Poor's; Report and analysis by Margaret Popper of Bloomberg News  « Less