GMAC loses $724 million in fourth quarter

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Automotive News | February 5, 2008 - 3:30 pm EST
 
 
 
NEW YORK (Reuters) — Finance company GMAC posted a $724 million fourth-quarter loss and was downgraded by Moody’s Investors Service on Tuesday, after more customers fell behind on payments for their houses, cars and trucks.
The loss compared with a year-earlier [...]