GMAC Financial Services Reports Preliminary First Quarter 2008 Financial Results (The-Automotive Franchises-Franchise Forums

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04-30-2008, 12:24 AM

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GMAC Financial Services Reports Preliminary First Quarter 2008 Financial Results (The

Automotive Franchise News - GMAC Financial Services Reports Preliminary First Quarter 2008 Financial Results (The Auto Channel)

- First quarter net loss of $589 million - Automotive finance and insurance businesses remain profitable - Results in the U.S. residential mortgage business improved; offset by a decline in the international mortgage business - Cash and certain marketable securities of $18.6 billion NEW YORK, April 29 -- GMAC Financial Services reported a 2008 first quarter net loss of $589 ...

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