In a news which will somewhat upset those hoping GM will not be able to repay the loans it received last year from the US government, the company’s (still) CEO Ed Whitacre announced yesterday the carmaker will make it’s second quarterly loan payment to both the US Treasury and the Export Development Canada.
On March 31, GM will pay $1 billion to the US and $192 million to the Canadian fund. The amounts are equal to the ones paid by the carmaker in December 2009, when the first quarterly loan … (read more)