By Michael Ellis DETROIT, Jan 30 (Reuters) - GMAC, the finance unit of automaker General Motors Corp. , has reached a tentative settlement in a lawsuit claiming its lending practices discriminated against black consumers, the company and lawyers involved in the case said on Friday. "GMAC has reached a tentative agreement to settle long-standing litigation regarding dealer financing practices," the financial services company said in a brief statement. GMAC added that the settlement has ...
Premium Content (PAID Subscription Required)
"GM credit arm in tentative deal on racial lawsuit" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.