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Home » Store » News » GM’s GMAC Gamble Will Pay Off, Analysts Say, but Many Variables Will Decide Final Credit Rating

GM’s GMAC Gamble Will Pay Off, Analysts Say, but Many Variables Will Decide Final Credit Rating

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General Motors Corp.’s planned sale of a controlling interest in General Motors Acceptance Corp. is a gamble that will most likely pay off in the long run for the ailing parent and its thriving financing and residential mortgage subsidiaries, according to analysts. The sale would help bolster GM’s liquidity, and the estimated $10 billion sale proceeds could help in slowing, if not reversing, the mounting losses at GM’s North America auto operations, as well…
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