Aaron Posted December 18, 2009 Report Share Posted December 18, 2009 http://online.wsj.com/article/BT-CO-20091218-710356.html Here is the AP article: DETROIT — General Motors Co. says it has repaid $1 billion of its loans to the U.S. government and $192 million to the Canadian government. The automaker says it followed through on a commitment to begin repaying the loans by the end of this month. Chairman and CEO Ed Whitacre Jr. says in a statement that GM looks forward to repaying all of its loan balances by the end of June. He says the repayments are contingent on no downturns in the economy or GM's business. GM owes the U.S. government $52 billion, with $6.7 billion of that in loans. At least part of the rest will be repaid when GM issues stock, perhaps as soon as next year. The automaker also owes the Canadian and Ontario governments about $1.4 billion. Copyright © 2009 The Associated Press. All rights reserved. Quote Link to comment Share on other sites More sharing options...
Guest tbutera2112 Posted December 18, 2009 Report Share Posted December 18, 2009 its a start Quote Link to comment Share on other sites More sharing options...
RMTC Posted December 18, 2009 Report Share Posted December 18, 2009 I don't want to subscribe. Will you post the rest of the story please? Quote Link to comment Share on other sites More sharing options...
Aaron Posted December 18, 2009 Author Report Share Posted December 18, 2009 I read the WSJ article without being a member, don't know what happened. First post edited Quote Link to comment Share on other sites More sharing options...
RMTC Posted December 18, 2009 Report Share Posted December 18, 2009 Thank you. Quote Link to comment Share on other sites More sharing options...
GSXRAntwon Posted December 18, 2009 Report Share Posted December 18, 2009 Thanks for being responsible GM Quote Link to comment Share on other sites More sharing options...
thorne Posted December 21, 2009 Report Share Posted December 21, 2009 and everyone whined about govermental motors. They banks and other places are attempting to pay shit back. Quote Link to comment Share on other sites More sharing options...
sgtschulze Posted December 22, 2009 Report Share Posted December 22, 2009 The question should be......how in the hell did they come up with a billion dollars to repay? There is more to the darkside of TARP etc... then we will ever know. Quote Link to comment Share on other sites More sharing options...
Crossle Posted December 22, 2009 Report Share Posted December 22, 2009 Was that a billion that they tok and did not use? Either way any money back to the gov't is cool. But lets at least keep it and not spend it this time..... Quote Link to comment Share on other sites More sharing options...
Supplicium Posted December 22, 2009 Report Share Posted December 22, 2009 Im sure there will be a tax break in the future and GM will get a double bailout just like Citi. Quote Link to comment Share on other sites More sharing options...
CRed05 Posted December 22, 2009 Report Share Posted December 22, 2009 Good for them, only $51 billion left. Quote Link to comment Share on other sites More sharing options...
UR LOSN Posted December 25, 2009 Report Share Posted December 25, 2009 ok, whats the National debt to China? Quote Link to comment Share on other sites More sharing options...
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