GM makes bid for Ally’s overseas operations

Published August 14, 2012 12:03am ET



DETROIT (AP) — General Motors Co. is bidding for Ally Financial’s international operations, a move that would substantially increase its lending overseas but add a lot of debt to its books.

In a regulatory filing Monday, GM said its financing arm, GM Financial, submitted a bid last month for Ally’s operations in Canada, Mexico, Europe and Latin America. GM didn’t say how much it offered.

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