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GMAC Loses $767 Million in Quarter
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Copyright 2009 MarketWatch.com Inc.All Rights Reserved MarketWatch
November 4, 2009 Wednesday 8:17 AM EST
LENGTH: 90 words
HEADLINE: GMAC loses $767 million in quarter
BYLINE: John Ittner
NEW YORK (MarketWatch) -- GMAC Financial Services on Wednesday reported a third-quarter loss of $767 million, compared to a net loss of $2.5 billion in the year-ago third quarter. GMAC's loss from continuing operations was $671 million. "We continue to work through solutions for certain legacy assets and that is still weighing on GMAC's financial performance," said GMAC Chief Executive Officer Alvaro de Molina.
© 1997-2008 MarketWatch.com, Inc. All rights reserved. See details at http://custom.marketwatch.com/custom/docs/useragreement.asp.
LOAD-DATE: November 5, 2009
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