GM Inside News Forum - View Single Post - Breaking: GM looking at strategic options for GMAC

**zete** · 11-06-2008, 07:57 PM

One thing I've been thinking of is that if GMAC gets assistance through that $700B won't the feds own a chunk of GMAC and won't, in the end, GM again be the largest shareholder. I think this is probably causing some consternation at Cerberus. To get the money they have to give up control of GMAC. But they need control of GMAC to get GM to buy Chrysler.

Tomorrow is going to be interesting.

11-06-2008, 07:57 PM	#19 (permalink)
zete GMI Staff Member Join Date: Dec 2005 Location: NCR, Great White North Posts: 5,304	Re: Breaking: GM looking at strategic options for GMAC One thing I've been thinking of is that if GMAC gets assistance through that $700B won't the feds own a chunk of GMAC and won't, in the end, GM again be the largest shareholder. I think this is probably causing some consternation at Cerberus. To get the money they have to give up control of GMAC. But they need control of GMAC to get GM to buy Chrysler. Tomorrow is going to be interesting.