Faster than anyone imagined, GM Motor Company fully repaid $8.1 billion in loans to US & Canadian governments (AP). GM Chief Executive, Ed Whitacre stated, "This is the new pace of GM today. GM's ability to pay back the loans ahead of schedule is a sign that our plan is working." GM’s strategy for repayment has been giving large portion of the company away. With the U.S controlling 61% & Canada approximately 12%, GM is still in debt to both.
http://www.foxnews.com/leisure/2010/04/21/gm-pays-debt/
http://in.reuters.com/article/businessNews/idINIndia-47888820100421
Thursday, April 22, 2010
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