GMAC’s directors appointed Michael A. Carpenter, a former Citigroup executive and current GMAC board member, to succeed Alvaro de Molina, who had run the company since April 2008.

GMAC is now the primary lender to dealers of both G.M. and Chrysler, and it provides financing to customers of both automakers as well. It also operates Ally Bank, an online retail bank.

The company lost $5.3 billion in the first nine months of the year.

Initially, much of GMAC’s problems were created by subprime lending by its home mortgage unit, which racked up hundreds of millions in losses. That trouble was compounded by the severe slump in auto sales and the tightening of the credit markets that in late 2008 virtually eliminated GMAC as a financing source for G.M. customers.

The UCW Radio Show features the inspirational journeys of both established as well as up and coming authors, fashion designers, actors, models, athletes, recording artists, MMA fighters, Martial Artists, Pro Wrestlers, Directors, Writers, Politicians, and various others.

We feature entertainment, sports and fashion related companies both publicly traded and privately held.

New Shows added:

The Ultimate Body Radio Show - directly connected to the new reality show "The Ultimate Body"
The Next Dragon Radio Show - directly connected to the new reality show "The Next Dragon"
Celebrity Boxing Radio - directly connected to the semi-annual Celebrity Boxing Event to Support US Troops
CageFX Warzone - directly connected to the Cage Fighting Xtreme MMA Organization founder by Linda Shields

Go to www.ucwmagazine.com to find out more about our inspirational guests on the show.

The UCW Radio Show is hosted by Louis Velazquez aka Falcon Coperis, he takes you on a tour of the journey of each of the guests, it is truly an inspirational show.

To be booked on the show please call 323-952-4369

 

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