General Motors has agreed to a deal that would send 51 percent of GMAC over to a consortium of buyers headed by Cerebus Capital Management LP and including Citigroup and Japan's Aozora Bank Ltd. The $14 billion will be payable over three years after the deal is cut near the end of this year, and existing executive management will continue to lead the company.

[Source: Automotive News]


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X