General Motor Corp. completes the sale of 51% of General Motors Acceptance Corp. to a consortium of investors led by Cerberus FIM Investors LLC. The consortium includes the wholly owned subsidiaries of Citigroup Inc., Aozora Bank Ltd. and The PNC Financial Services Group Inc. The long-anticipated transaction will garner the auto maker about $14 billion in net cash proceeds and distributions over three years after repayment of inter-company debt but before purchases of preferred equity in ...

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