GM in Talks to Sell Stake in GMAC Unit

General Motors Corp. (GM), facing a possible credit downgrade to ``junk'' status, is in talks to sell a stake in its commercial mortgage unit, a spokeswoman for the automaker said on Wednesday.

GM faces a cash outflow of $2 billion this year, but the automaker is not selling the stake to raise cash, the spokeswoman, Toni Simonetti, said.

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