UPDATE 2-GMAC to stop subsidized auto leasing in Canada


(Adds details on GMAC move, background on auto lease market, changes dateline) DETROIT, July 29 (Reuters) - Finance company GMAC said on Tuesday it would stop financing most vehicle leases in Canada, a shake-up in strategy that could could threaten GM sales and underscores the growing pressure on North American auto sales from tight credit. The end of subsidized leases on GM vehicles in Canada, which takes effect on Friday, follows a more sweeping move by Chrysler Financial to end ...

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