There was some interest expressed on the part of multiple parties to invest in our commercial-mortgage business. We're in discussions with those parties, ... We are amenable to equity partners, but GMAC's intention is to maintain a significant equity interest in this business. |
There was some interest expressed on the part of multiple parties to invest in our commercial-mortgage business. We're in discussions with those parties. We are amenable to equity partners, but GMAC's intention is to maintain a significant equity interest in this business. |
To the extent we can prepare for that (a strike), we are preparing a contingency plan. |
We are exploring how we would attain a separate rating for GMAC. We would probably look at and evaluate any and all options that would lead to that, ... Whether we would pursue those options, I don't know, but certainly we want to know what those options are. |
We are exploring how we would attain a separate rating for GMAC. We would probably look at and evaluate any and all options that would lead to that. Whether we would pursue those options, I don't know, but certainly we want to know what those options are. |
We are finalizing the number of jobs cuts, ... There will be some, but not on the magnitude of those that we have already done. |
We are finalizing the number of jobs cuts. There will be some, but not on the magnitude of those that we have already done. |
We are still actively engaged in discussions about Hughes with multiple interested parties. Those discussions are progressing. |
We believe that such a transaction would strengthen the credit ratings for GMAC and therefore make a much better environment for running a financial-services organization. |
We don't comment on specific investor activities. |
We said it would be about a month and it has been a month. |
We still expect to complete that repurchase by the end of the year, |
We still expect to complete that repurchase by the end of the year. |
We'll conduct a thorough review, and consider it or any serious alternative proposal in due course, |
We're still actively engaged in pursuing the possible sale of a controlling interest. |