GMAC to Restate Financial Results, Casts Doubt on Sale

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00005334-gmac-to-restate-financial-results-casts-d/

GM said yesterday that it will restate financial results for its GMAC unit. The restatement will cover 2003, 2004 and part of 2005.

GM also commented that, given the restatement and other factors, it did not know if it could successfully sell a majority stake in GMAC at this point.

For this entire story, please visit GM to restate finance unit’s results and warns on sale plan.

GMAC to Restate Financial Results, Casts Doubt on Sale

Unknown Author

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