GM may review GMAC sale, cut dividend: analysts

General Motors Corp. may cut its dividend for the first time in more than 13 years, and will likely review bids for a majority stake in its finance arm, analysts said, as its board of directors

Citigroup chief sheds light on GMAC bid

Charles Prince, chief executive of Citigroup, yesterday shed some light on the bank's involvement in the auction for General Motors Acceptance Corp (GMAC), which is entering its final stages

Financial institutions eye GMAC

Both the Wall Street Journal and Bloomberg are reporting that that a group may bid between US$11 billion and US$15 billion for GM's finance arm, GMAC