GMAC Financial services purchases remaining equity stake in GMAC India

"This transaction is a strategic decision and underlines GMAC's commitment to the Indian market and desire to position our business for the long term. The Indian auto market is a key area of growth and through whole ownership, GMAC will be better

positioned to continue to expand its automotive finance business," said Ruud Grin, regional vice president for GMAC Asia Pacific. "In addition, we value our relationship with General Motors in this market, and will continue to support the

sale of GM products in the region."