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Following the lead set by Chrysler Financial in the United States, GM Canada has announced that it will no longer offer leases through its GMAC Financial arm. While Chrysler LLC has not officially cut out lease deals in Canada, dealers up north report that the rates being offered to them are far too......

We've heard it before: "We're going to collect the information, but it won't go beyond..." The latest take on "Let us help you with technology" comes courtesy of GM's OnStar, which is offering you the opportunity to have your annual mileage tracked. The info will be given to their GMAC arm, which wi......

The Detroit Free Press is reporting via the Financial Times that Cerberus Capital Management has sold more than 50% of its stake in Chrysler LLC and GMAC LLC to a group of around 90 investors. The Freep reports that the investment firm earned up to $1 billion for selling parts of its stake in both c......

General Motors announced today that it recorded a net loss of $3.25 billion during the first quarter of 2008, but it looks worse than it is thanks to a $1.45 billion hit from its 49% stake in floundering GMAC. The two-month long American Axle strike also cost GM about $800 million, while further sup......

From the "last ditch effort" file comes GM's newest marketing program, the Red Tag Sale. Starting Friday Dec. 10, Chevrolet, Pontiac, GMC, Buick and Hummer dealers will display a red tag on all new cars with the lowest price the dealers will accept for the car. On the opposite side of the tag will b......