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| 2009 | TREASURY INTL : U.S. Treasury plans no GM bankruptcy next week: source | RE |
| 2009 | TREASURY INTL : Treasury plans no GM bankruptcy next week | RE |
WASHINGTON (Reuters) - The Treasury Department said on Thursday it has injected $7.5 billion into GMAC to help it lend to Chrysler car buyers and to partly meet its capital needs.
"This new arrangement with GMAC will help provide a reliable source of financing to both auto dealers and customers seeking to buy new cars," Treasury Secretary Timothy Geithner said in a statement.
The investment is in the form of preferred equity shares so Treasury will not immediately have a common-stock stake in GMAC.
(Reporting by Glenn Somerville)
| 1st Jan change | Capi. | |
|---|---|---|
| -7.76% | 3.58B | |
| -20.36% | 2.72B | |
| +0.64% | 2.12B | |
| +46.42% | 1.35B | |
| -28.98% | 993M | |
| +2.48% | 944M | |
| +40.85% | 872M | |
| -11.94% | 850M | |
| +23.74% | 801M |
TREASURY INTL INC 
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