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2007 Archives

Dec 20, 2007

Residential Capital, LLC (ResCap) today announced the final results for its cash tender offer for up to $750 million aggregate principal amount of its...

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Dec 19, 2007
Offered as an Extension to Import Factoring Services

GMAC Commercial Finance (GMAC CF) announced today its pre-shipment cover is now available to overseas lenders providing supply chain finance. The...

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Dec 13, 2007

Residential Capital, LLC (ResCap) today announced an extension of the early tender time for its previously announced cash tender offer for up to $750 million...

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Dec 11, 2007

New Year's resolutions are right around the corner, and as many people review their financial goals, GMAC Insurance suggests it's also a great time to give...

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Dec 6, 2007

Residential Capital, LLC (ResCap) today announced an extension of the early tender time for its previously announced cash tender offer for up to $750 million...

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Dec 5, 2007
Company Also Names New Treasurer

GMAC Financial Services today announced that Samuel Ramsey has been appointed to the newly created position of chief risk officer, effective immediately. In this role,...

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Dec 4, 2007

GMAC Commercial Finance (GMAC CF) announced today the appointment of Don Morrison as executive vice president, corporate development for the...

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Nov 21, 2007

Residential Capital, LLC (ResCap) today announced that it has commenced a cash tender offer for its debt securities listed in the table below (the notes). ResCap is...

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Nov 13, 2007
- Khattri to lead corporate strategy

GMAC Financial Services today announced that Sanjiv Khattri, chief financial officer, will be named to a new position as executive vice president of Corporate...

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Nov 13, 2007
Road Safe America and GMAC Insurance Encourage Drivers to Buckle Up, Slow Down and Stay Alert the Sunday After Thanksgiving

This holiday season, Road Safe America and GMAC Insurance urge people to help Save Five Lives on Drive Safer Sunday, a national observance...

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Nov 8, 2007

Universal Warranty Corporation (UWC), a subsidiary of GMAC Insurance, today announced the introduction of a web- based solution, Sales Driver, to its automotive...

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Nov 7, 2007
Leading Auto Insurer Enters Long-term Relationship with Road Safe America, Lending Significant Financial and Operational Support

Today, GMAC Insurance announced a strategic, long-term partnership with Road Safe America, a non-profit organization dedicated to making highways safer by...

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Nov 1, 2007

GMAC Financial Services today announced that A. Jay Meyerson has been named chief marketing officer. In this newly created position, Meyerson will lead a global...

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Nov 1, 2007

GMAC consolidated net loss of $1.6 billion Results include $455 million goodwill impairment at ResCap Loss driven by disruptions in mortgage finance and global capital markets Auto finance and...

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Oct 29, 2007

GMAC Financial Services has scheduled the release of its 2007 third quarter financial results for Thurs., Nov. 1, 2007. The press release including financial...

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Oct 24, 2007
Soaring Energy Demand is Creating Unprecedented Need for Expatriate Talent

Leading global energy companies show no signs of slowing down as they aggressively expand their operations and dispatch record numbers of employees to assignments...

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Oct 17, 2007
Fourth-Quarter Restructuring Charge Expected

GMAC Financial Services today announced it is restructuring its mortgage operations, Residential Capital, LLC (ResCap), as severe weakness in the housing market and mortgage...

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Oct 16, 2007
“100 Black Men

GMAC Financial Services and its SmartEdge financial education program received the Excellence Award for Economic Development from The 100 Black Men of Greater Detroit at the...

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Oct 10, 2007
Strategic investment supports commitment to growth market

GMAC Financial Services today announced it has purchased the 25.1 percent equity stake in GMAC Financial Services India Ltd. from Nucleus Software Exports Limited, bringing...

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Oct 2, 2007
Leading Auto Insurer Offers Roadside Pick-up, Quality Repairs and Drop-off of Repaired Vehicle for Customers

Today, GMAC Insurance announced SmartValetsm¹, a service designed to take care of all the transportation details when a customer is involved in an automobile...

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Sep 20, 2007

GMAC Financial Services today announced that Alvaro G. de Molina has been named GMAC chief operating officer, effective immediately. In this newly created role, de Molina will be...

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Sep 18, 2007
In An Independent Study of Nearly 1,000 Transferees, GMAC Global Relocation Services Ranks Highest Out of Seven Relocation Service Providers

Based upon responses from 986 transferees over an 18-month period, GMAC Global Relocation Services (http://www.GMACGlobalRelocation.com) ranks highest in satisfying...

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Sep 13, 2007
Announces Growth in Retail Credit Business of 125 percent

GMAC-SAIC Automotive Finance Co., Ltd. (GMAC-SAIC), which is celebrating the third anniversary of its founding, announced today that its retail credit business grew 125...

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Sep 12, 2007

GMAC Insurance today announced two new products available to both automotive dealers and retail customers. The two products, Guaranteed Automotive Protection (GAP) Care...

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Sep 12, 2007
Contributions Awarded in the GMAC Insurance Agency Community Challenge

Today, GMAC Insurance announced that it will donate a total of $33,500 to 19 charities across the U.S. The contributions will be awarded as prizes in the GMAC Insurance Agency...

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