<p>General Motors Co plans to buy auto finance company AmeriCredit Corp for $3.5 billion in a cash deal financed by government bailout money and aimed at removing a major investor concern before a planned Intial Public Offer. The deal would give General Motors an in-house lending arm for the first time since it sold a controlling stake in GMAC in 2006 and offer riskier forms of financing including subprime loans and leases.</p>
<p>General Motors Co plans to buy auto finance company AmeriCredit Corp for $3.5 billion in a cash deal financed by government bailout money and aimed at removing a major investor concern before a planned Intial Public Offer. The deal would give General Motors an in-house lending arm for the first time since it sold a controlling stake in GMAC in 2006 and offer riskier forms of financing including subprime loans and leases.</p>