GM pays back government loans in full
General Motors today announced the company has made its final payment of $5.8 billion to the U.S. Treasury and Export Development Canada, paying back its government loans in full, ahead of schedule.
Company Chairman and CEO Ed Whitacre made the announcement at GM's Fairfax, Kansas facility.
"GM is able to repay the taxpayers in full, with interest, ahead of schedule, because more customers are buying vehicles like the Chevrolet Malibu and Buick LaCrosse and Buick LaCrosse we build here in Fairfax," said Whitacre. "We are now building some of the best cars, trucks, and … Read more