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Re: GM unloading majority of GMAC; announcement expected today.
And we thought that 2005 was a bad year, financially speaking. 2006 numbers should be disastrous.
"GM has made more money from auto loans and mortgages than from building cars and trucks since 2002. Last year, the auto unit lost $12.9 billion and GMAC earned $2.4 billion, according to revised figures filed by the automaker last week." from Bloomberg
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