AM Online

GMAC sale ‘moving pretty fast’

Several parties a believed to be interested in General Motor’s GMAC.

GM’s new chief finance officer, Fritz Henderson, commented on the possible sale at the Detroit Motor Show, which is underway now.

“We’ve had interest in the business…several parties are involved with discussions and we are sharing data.

“I think it’s moving pretty fast,” said Henderson.

Henderson said four parties were interested but did no comment on their identities.

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