国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global General

Special

Newsmaker

Asia Pacific

America

Middle East

Europe

Africa

US gov't provides another $7.5b bailout for GMAC

(Xinhua)
Updated: 2009-05-22 15:46

WASHINGTON -- The US Treasury Department said Thursday that it has pumped another US$7.5 billion to bailout auto lender GMAC.

"Over the past several months, the contraction of credit in the auto finance markets has helped driver our auto industry into a historic crisis," said Treasury Secretary Tim Geithner in a statement.

Related readings:  GMAC could get $7.5b  GM, GMAC ease lending rules to entice car buyers  Volt likely to cost $40k, says GM  More auto cuts: GM will eliminate 1,100 US dealers  US offers $6 billion to support auto lender GMAC

"This new arrangement with GMAC will help provide a reliable source of financing to both auto dealers and customers seeking to buy cars," Geithner said.

GMAC, the main source of financing for General Motors customers and was recently tapped by the US government as the main lender for Chrysler LLC, had received about US$6 billion from the government.

The Treasury said the new injection will help provide a reliable source of financing to auto dealers and people looking to buy GM and Chrysler vehicles.

Geithner noted that the new help will "offer strong credit opportunities, help stabilize our auto financing market, and contribute to the overall economic recovery."