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CEO: GM to repay government loans by end of June

11 hours ago ago from U.S. News

CEO: GM to repay government loans by end of June DETROIT (AP) -- General Motors Co. plans to pay all of its $6.7 billion in government loans by the end of June, Chairman and CEO Ed Whitacre Jr. said Tuesday. The automaker plans to make quarterly installments starting this month with a $1.2 billion payment, Whitacre said. He said GM could repay the loan sooner but that hasn't been decided. GM has received $52 billion total in aid from the ...

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