UPDATE 1-GM mulls alternatives for credit-challenged GMAC


(Recasts, adds details throughout) DETROIT, July 27 (Reuters) - General Motors Corp. is considering alternatives for its finance arm, General Motors Acceptance Corp., because funding constraints are impeding its ability to support the automaker's sales, GMAC said on Wednesday. "To the extent access to unsecured funding remains diminished, it will be very challenging for GMAC to continue providing a full range of competitive automotive finance support to GM," General Motors Acceptance ...

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