General Motors Corp. will inject $1 billion into GMAC, its former finance arm said on Tuesday, a capital infusion needed to complete the sale of the automaker's majority stake in the face of escalating defaults in the U.S. mortgage market.
GMAC, which reported results on Tuesday, said that even after the equity injection from GM, “continuing pressures in the U.S. mortgage sector” would weigh on its future earnings.
Under terms of its sale to a group led by Cerberus Capital Management, GM had guaranteed a minimum book value of $14.4 billion when the sale closed at the end of November.
通用汽车公司的前金融部门——通用汽车金融服务公司(GMAC)周二表示,在美国抵押贷款市场违约数量不断上升的情况下,通用汽车将向其注资10亿美元,来完成多数股权的转让。
GMAC称,即便通用汽车注资,美国抵押市场持续面临的风险压力将会影响公司未来盈利水平。GMAC周二同时公布了业绩报告。
根据与Cerberus资本管理公司牵头团体之间的股权转让协议,在11月底交易完成时通用汽车需保证GMAC账面价值至少在144亿美元。
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