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February 22, 1987

GENERAL MOTORS ACCEPTANCE HAS FIVE-YEAR CONTRACT WITH EDS

By CBR Staff Writer

General Motors’ Electronic Data Systems unit has been chafing over the fact that divisions of its parent have been unwilling to enter into long-term contracts, preferring only one-year or even cost-plus contracts, so there is rejoicing in Dallas over the fact that the finance subsidiary, General Motors Acceptance Corp has entered a five-year fixed price contract with EDS, believed to be worth about $700m, doubling to 30% the proportion of long term business with GM units.

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