US throws $6bln lifeline to GMAC (AFP)

The headquarters of GMAC, the troubled financial arm of General Motors, in Horsham, Pennsylvania. The US Treasury has unveiled a $6bln package aimed at boosting the foundering firm.(AFP/Getty Images/File/William Thomas Cain)AFP – The US Treasury unveiled a six-billion-dollar package Monday to assist GMAC, the troubled financial arm of General Motors seen as vital to the survival of America’s largest automaker.

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