GMAC Financial Services said Tuesday that it no longer will make auto loans in seven European countries, citing troubles in the lending industry that have forced it to adjust its operations.
The financing arm of Detroit-based General Motors Corp. said as of Nov. 1, it no longer will originate retail loans in the Czech Republic, Finland, Greece, Norway, Portugal, Slovakia and Spain. GMAC said it will assess the implications of the tough credit markets in those countries and in its markets in Hungary and Denmark. Gina Proia, a spokeswoman for GMAC, said the company's moves in Europe are a result of a shortage of capital http://quickloans.aokhost.com -- http://mail.python.org/mailman/listinfo/python-list
