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Posts: 158
In response to
"
GM doesn't own GMAC anymore. -- nm
"
by
pmb
They own 49%
Posted by
ty97
Nov 20 '08, 09:47
"A company spokeswoman said the money would be strictly for GMAC, and not be passed along to GM (GM, Fortune 500), which still owns 49% of the finance firm."
http://money.cnn.com/2008/11/20/news/companies/gmac/?postversion=2008112008
(money.cnn.com)
Responses:
Yes, but the point is they are not the primary owner and their primary owner cares little about GM.
-
pmb
Nov 20, 09:51
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