GMAC mulling pullback from leasing in U.S.-dealer

Newswire

DETROIT, July 29 (Reuters) - GMAC is considering ending subsidized leases on General Motors Corp cars and trucks in the U.S. market, a step similar to the pullback the finance company has announced for Canada, according to an executive with a U.S. dealership briefed on the plan. GMAC is controlled by Cerberus Capital Management , which owns 51 percent of its stock. The remainder is held by GM. Analysts and auto dealers have said actions to tighten terms on lease financing by GMAC, ...

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