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  • If Autos Ran on Red Ink, GMAC Would Be Like a Mileage Leader
2Vote!

If Autos Ran on Red Ink, GMAC Would Be Like a Mileage Leader

Sort by Reason Magazine - Hit & Run (Free subscription) - 11/10/2009 - YouTube

Bailing Out the Big Three - Why reward Detroit (and punish taxpayers) for making unprofitable cars?

2008 was an apocalyptic year for the American car industry, with sales of Ford, General Motors, and Chrysler cars all falling by 25 percent. Supporter...


+Vote!

If Autos Ran on Red Ink, GMAC Would Be Like a Mileage Leader

Sort by Reason Magazine - Hit & Run (Free subscription) - 11/10/2009

If your personal finances are in a funk, then misery loves company with a government-backed warranty : GMAC, a crucial player in the U.S. auto industry, has been unable to raise the $11.5 billion regulators said it needed after stress test results were announced in May. The Fed says the finance company is expected to close the gap with more money from the $700 billion financial bailout. GMAC, already...