President Obama's Remarks at Industrial Support, Inc. in Buffalo on May 13, 2010
Transcript Provided by the Office of the White House Press Secretary
GM eyes return to car loan business
General Motors is looking at the possibility of returning to the car lending business. GM gave up majority control of finance-arm GMAC, now known as Ally Financial, in late 2006 as part of efforts to raise cash for ongoing restructuring. As a new company, thanks to a U.S. government-backed bankruptcy last year, GM's balance sheet is greatly improved.

Auto Borrowing Associates

 

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