GMAC Financial Services Reports Preliminary Fourth Quarter and Full-Year 2009 Financial Results

GMAC Financial Services Reports Preliminary Fourth Quarter and Full-Year 2009 Financial Results
GMAC Financial Services today reported a net loss of $5.0 billion for the fourth quarter of 2009, compared to net income of $7.5 billion for the fourth quarter of 2008. Â For the 2009 full year, GMAC reported a net loss of $10.3 billion, compared to net income of $1.9 billion in 2008. Â Results for the 2009 fourth quarter and full year were largely affected by losses related to legacy assets in …

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