U.S. puts up $6 billion to support GMAC (Reuters)

General Motors vehicles are seen at a car dealership in Toronto, December 12, 2008. (Mike Cassese/Reuters)Reuters – The Bush administration on Monday expanded its bailout of the U.S. auto industry, saying it was buying $5 billion in equity in auto and mortgage finance company GMAC and increasing a loan to General Motors by $1 billion.

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