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11/21/2009 •
News & Analysis > Auto Finance

GMAC to Sell $20 billion in Auto Loans

December 6, 2005
 
December 6, 2005
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General Motors Acceptance Corp. (GMAC) said on Monday it agreed to sell up to $20 billion in U.S. retail automotive assets to Scotia Capital, the investment banking unit of Bank of Nova Scotia.

GMAC, the financial services unit of General Motors Corp., said the agreement calls for purchases by Scotiabank under a $6 billion revolving facility.

For this complete story, please visit GMAC to Sell $20 billion in Auto Loans.

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