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GM pays back debt to US/Canadian governments
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04-21-2010, 06:10 PM
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GM pays back debt to US/Canadian governments
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DETROIT -- General Motors Co. has repaid the $8.1 billion in loans it got from the U.S. and Canadian governments, a move its CEO says is a sign automaker is on the road to recovery.
GM CEO Whitacre formally announced the loan paybacks Wednesday at the company's Fairfax Assembly Plant in Kansas City, Kansas, where he also announced that GM is investing $257 million in that factory and the Detroit-Hamtramck plant, both of which will build the next generation of the midsize Chevrolet Malibu.
http://www.foxnews.com/leisure/2010/04/21/gm-pays-debt/
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