By Mark McSherry, Reuters
The deadline looms for initial bids to take a controlling stake in GMAC, the financial services unit of General Motors Corp., according to sources.
At least four interested parties are in talks with GM to buy a majority stake in General Motors Acceptance Corp., which earned $2.2 billion for GM in the first nine months of the year while its parent company posted a $3.8 billion loss.
For this complete story, please visit Deadline Looms for Initial Bids in GMAC Stake Sale.
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