GMAC, the car financing company which is poised to merge with Chrysler Financial, is set to receive up to $5.6bn in a capital injection from the US Treasury, paving the way for the government to become the majority shareholder. More…

Chrysler’s financing unit is in talks with the US government to change its status so it can tap into the federal Tarp scheme and other sources of credit. The Detroit carmaker, which received $4bn in government aid on Friday, More…