GMAC CFO says ResCap's liquidity sufficient


NEW YORK, July 30 (Reuters) - GMAC's chief financial officer said on Monday he believes the company's Residential Capital LLC home lending unit will have sufficient liquidity to operate through the current U.S. housing downturn. "Conditions in the market are quite severe," CFO Sanjiv Khattri said on a conference call, discussing GMAC's second-quarter results. "If the pressures continue, we expect ResCap's liquidity and capital position to be sufficient to operate through the cycle." ...

Premium Content (PAID Subscription Required)

"GMAC CFO says ResCap's liquidity sufficient" 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!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×