Reuters: Bankruptcy News: GM interested in Ally's internat'l ops -Bloomberg

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GM interested in Ally's internat'l ops -Bloomberg May 14th 2012, 20:35 DETROIT | Mon May 14, 2012 4:35pm EDT DETROIT May 14 (Reuters) - General Motors Co, the largest U.S. automaker, is interested in buying Ally Financial Inc's international operations, GM's chief executive told Bloomberg on Monday. "We're interested in it, but we're not going to bleed to buy it," CEO Dan Akerson told Bloomberg in an interview. "We're the natural buyer." Ally is GM's former in-house financing arm. GM is "probably not" interested in acquiring Ally's U.S. operations, Akerson told the news agency. A GM spokesman confirmed Akerson's comments. Ally's mortgage unit filed for bankruptcy protection earlier Monday and said it will sell some international operations to repay $12 billion in U.S. government loans stemming from its bailout.

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