Car Loans Banned in 7 Countries

GMAC Financial Services said Tuesday that it no longer will make auto
loans in seven European countries, citing troubles in the lending
industry that have forced it to adjust its operations.

The financing arm of Detroit-based General Motors Corp. said as of
Nov. 1, it no longer will originate retail loans in the Czech
Republic, Finland, Greece, Norway, Portugal, Slovakia and Spain.

GMAC said it will assess the implications of the tough credit markets
in those countries and in its markets in Hungary and Denmark.

Gina Proia, a spokeswoman for GMAC, said the company's moves in Europe
are a result of a shortage of capital

http://quickloans.aokhost.com

On Oct 29, 5:15 am, bli... RemoveThis @gmail.com wrote:
> GMAC Financial Services said Tuesday that it no longer will make auto
> loans in seven European countries, citing troubles in the lending
> industry that have forced it to adjust its operations.
>
> The financing arm of Detroit-based General Motors Corp. said as of
> Nov. 1, it no longer will originate retail loans in the Czech
> Republic, Finland, Greece, Norway, Portugal, Slovakia and Spain.
>
> GMAC said it will assess the implications of the tough credit markets
> in those countries and in its markets in Hungary and Denmark.
>
> Gina Proia, a spokeswoman for GMAC, said the company's moves in Europe
> are a result of a shortage of capital
>
> http://quickloans.aokhost.com


What ban? GM didn't ban anything.

Jeff