DETROIT (WKZO) -- General Motors may be getting a piece of it's old company back in the purchase of a division of Ally Financial.
Ally was formerly known as GMAC and was a wholly owned subsidiary of the automaker. GMAC received a 17.2-billion dollar bailout from the U.S. government and has only repaid less than six-billion dollars.
GM is looking to acquire the automotive finance operations for Europe and Latin America for four-billion dollars. The automaker still owns approximately ten-percent of Ally Financial.
Officials with Ally would not comment about the proposed deal.