GM's Dwindling Options

If the auto giant wants to avoid a huge overhaul of its finance arm, it must make drastic changes -- possibly including more job cuts

After five months of seeking buyers, General Motors (GM) may yet get a deal with someone to sell a big chunk of its GMAC finance arm. Cerberus Capital Management is looking along with some Japanese banks. Leveraged buyout firm Kohlberg Kravis Roberts also has been kicking GMAC's tires for months, investment bankers say.

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