GM to sell GMAC

GM finally did it. They finally sold the one, single, profitable piece of their business. GMAC was the only entity at GM that made a profit last year – and even with GMAC being profitable, GM as a whole lost $10 billion. That’s billion with a “B“. So what does GM do? They sell a 51%, controlling stake for cash. Sigh. Mortgage your future for some $$. Maybe they should have talked with the Red Sox first. Via Yahoo News.

Comments are closed



    Green Llama is a place to learn about making money online. Any ideas or walk-through's I have, I'll post here for your enjoyment. I also do product and online service reviews.

    However, I tend to run off on tangets quite often. I call this part of the site 'random crap'. Basically I'll go off and post about whatever I want, just to keep things interesting. Have fun and stay tuned.