US: GMAC books larger first quarter loss
By: just-auto.com editorial team | 6 May 2009
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GMAC Financial Services has booked a first quarter 2009 net loss of $675m, compared to a net loss of $589m in Q1 2008 due to continued pressure on its mortgage and auto finance operations as the number of bad loans rose.
GMAC Financial Services has booked a first quarter 2009 net loss of $675m, compared to a net loss of $589m in Q1 2008 due to continued pressure on its mortgage and auto finance operations as the number of bad loans rose.
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