UPDATE 1-GM mulls sale of GMAC stake to investor group-WSJ

Newswire

(Includes detail about Isuzu stake sale) NEW YORK, March 30 (Reuters) - General Motors Corp. is in talks to sell its 51 percent stake in its finance unit to an investor group led by hedge fund Cerberus Capital Management, The Wall Street Journal reported on Thursday. The U.S. automaker has settled on the broad structure of an agreement with the New York hedge fund and private-equity group, which are expected to offer $11 billion or more for GM's GMAC stake in General Motors Acceptance ...

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