Consumer borrowing up in January after 11 declines (AP)

AP – Consumer borrowing broke a record stretch of declines with a small increase in January as a boost in auto loans offset continued weakness in credit card borrowing.

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TransUnion: Auto loan delinquencies decline in 4Q (AP)

AP – TransUnion said Monday that customers at least 60 days past due on repaying auto loans fell 6 percent during the fourth quarter compared with the same period a year earlier.

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Visteon retirees appeal decision on benefits (AP)

AP – Attorneys for retired Visteon workers are appealing a bankruptcy judge’s order allowing the auto parts supplier to terminate their health and life insurance benefits.

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Government-owned GMAC loses $5 billion in 4Q (AP)

File - In this file photo taken Thursday, April 30, 2009, a GMAC sign is shown at a GM/Chrysler dealership in Oakland, Calif. G Home and auto lender GMAC Financial Services said Thursday, Feb. 4, 2010, it lost $5 billion in the last three months of the year, as losses from its mortgage operations kept the company in the red for another quarter. (AP Photo/Paul Sakuma, file)AP – Home and auto lender GMAC Financial Services said Thursday it lost $5 billion in the last three months of 2009, as losses from its mortgage operations kept the company in the red for another quarter.

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US takes controlling stake in GMAC in third bailout (AFP)

The US Treasury announced Tuesday a 3.8 billion dollar fresh capital injection into ailing GMAC, the former finance arm of General Motors that became a bank to access federal rescue aid.(GMAC)AFP – The US government threw troubled GMAC a third lifeline, of 3.8 billion dollars, and took a controlling stake in a bid to turn around the mortgage and auto lender.

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Govt gives GMAC $3.8B in new aid, boosts stake (AP)

File - In this file photo taken Thursday, April 30, 2009, a GMAC sign is shown at a GM/Chrysler dealership in Oakland, Calif. GMAC Financial Services is expected to receive $3.5 billion more in federal aid to further stabilize the automotive lender, The Wall Street Journal reported Tuesday. (AP Photo/Paul Sakuma, file)AP – The government gave GMAC Financial Services another $3.8 billion in cash and took a majority stake in the auto lender, aiming to stabilize the company as it struggles with big losses in its home mortgage unit.

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Treasury to dole out $3.8 billion to GMAC, raise stake (Reuters)

Reuters – The U.S. is injecting another $3.8 billion into GMAC Financial Services to help cover mortgage losses, in a bailout that makes the government the majority owner of the auto and home finance company.

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