General Motors Corp. leadership is mum on its intentions for the billions of dollars it will pocket whenever the auto maker sells a majority stake in its General Motors Acceptance Corp. financial services business. GM disclosed Oct. 17 its plan to sell majority ownership in GMAC, without providing a timeline for the divesture. “It's much too early to predict any of that,” says GM Chief Financial Officer John Devine. GM's John Devine “Let's not get ahead of ourselves. We'll obviously ...
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