8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

February 20, 2008
(Date of report; date of earliest event reported)

Commission file number: 1-3754

GMAC LLC

(Exact name of registrant as specified in its charter)

Delaware	38-0572512
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

200 Renaissance Center
P.O. Box 200 Detroit, Michigan
48265-2000
(Address of principal executive offices)
(Zip Code)

(313) 556-5000
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.05 Costs Associated with Exit or Disposal Activities.

On February 20, 2008, GMAC LLC announced a restructuring of its North American auto finance business. The press release announcing this restructuring is attached as Exhibit 99.1, and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits

Exhibit No.		Description
	99.1	Press Release, dated February 20, 2008

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	GMAC LLC (Registrant)
Dated: February 20, 2008	/s/ David J. DeBrunner
	David J. DeBrunner
	Vice President, Chief Accounting Officer and Controller

EXHIBIT INDEX

Exhibit No.		Description
	99.1	Press Release, dated February 20, 2008

EX-99.1

EXHIBIT 99.1

News

For Release: Feb. 20, 2008, 11:00 a.m. EST

GMAC Financial Services Announces Restructuring of
North American Auto Finance Operation

DETROIT — GMAC Financial Services today announced it is restructuring its North American auto finance business to reduce costs, streamline operations and position the business for scaleable growth.

The restructuring will include merging a number of separate business offices into five regional business centers located in the areas of Atlanta, Chicago, Dallas, Pittsburgh and Toronto. In addition, GMAC representatives will continue to be strategically located throughout the U.S. and Canada to service auto dealers. The plan includes reducing the North American auto finance workforce by approximately 930 employees, which represents about 15 percent of the 6,275 employees in the business unit. These actions are planned to largely occur by the end of 2008.

“Although it is difficult to reduce staffing levels, we need to position GMAC with a more competitive cost structure and greater operational flexibility for future growth,” said GMAC President Bill Muir. “Our new structure will further enhance our operational efficiency and allow our field personnel to spend more time supporting our dealer customers. Most dealers will see no change in the GMAC representative servicing their dealership, as we believe that a deep understanding of local markets is one of our competitive advantages.”

GMAC expects to incur restructuring charges of approximately $65 to $85 million, which includes costs related to severance and other employee-related costs of approximately $60 to $70 million and the closure of facilities of approximately $5 to $15 million. These charges will be incurred over the course of 2008, with the majority of the charges occurring in the second half of the year. The charges are expected to result in future cash expenditures of approximately $65 to $85 million. As a result of

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the restructuring, GMAC expects an annual run rate savings of approximately $175 million.

The workforce reductions will include a range of automotive finance positions in the U.S. and Canadian field offices, the Nuvell subsidiary and GMAC’s central office in Detroit, Mich. GMAC and its companies will continue to service retail customers and provide dealer customers with a complete range of financing products and services.

“Servicing our dealers and customers remains our top priority. We are committed to continuing to offer a full range of leading automotive finance products as we transform the organization,” said Muir.

About GMAC Financial Services

GMAC Financial Services is a global, diversified financial services company that operates in approximately 40 countries in automotive finance, real estate finance, insurance and commercial finance businesses. GMAC was established in 1919 and employs approximately 26,700 people worldwide. For more information, go to www.gmacfs.com.

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Contacts:
Gina Proia
917-369-2364
gina.proia@gmacfs.com

Sue Mallino
313-656-6970
sue.mallino@gmacfs.com

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