Financing USA 20-02-2006 Wachovia backs off bid to run GM financing unit Wachovia Corp. has dropped out of bidding for a 51 per cent stake in General Motors Corp.’s finance unit, according to Wachovia Corp. has dropped out of bidding for a… Sign in or Upgrade to Continue Reading This news article is over 10 days old. Subscribe today to access all articles with an annual subscription. Become a member Learn more Already a subscriber? Log in here