WASHINGTON: The U.S. Treasury Department that it will provide financial services group, "GMAC", which was formerly a subsidiary of "General Motors" $ 3.8 billion dollars, according to findings of the assessment program capital controls.
The ministry said in a statement: It is due to a number of factors, including restructuring, "GM" and "Chrysler" without affecting the "GMAC" undertake the ministry to provide the group at $ 3.8 billion dollars in addition to the amount previously announced a $ 5.6 billion .
The ministerial statement reported by the Kuwaiti news agency "KUNA" that the measure would result in a decrease of $ 1.8 billion from its previous forecast for the costs of the program to save the troubled assets.
The statement said that such assistance brings the total government spending of public funds to rescue the group to 16.3 billion dollars. Thus increasing the State's share in the group of 35 to 56% of the Group's capital
America provides GMAC with $ 3.8 billion to rescue
Posted by ahmed essam on 12:55 PM
