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Whitacre says priority on repaying loans, finding CEO
11 hours ago ago from Leftlane – news, reviews, and info for the auto-industry
Whitacre announced to reporters that among other pressing issues, such as finding a new CEO, GM is placing priority on paying back $6.7 billion in federal loans. Whitacre also pointed out that GM will be paying back $1.2 billion on December 31. Federal aid to GM including the periods leading up to, during, and after the bankruptcy restructuring total $50 billion. The running total of $50 billion in federal aid was eventually ...
Related contentGM’s Short-Term Game Plan
23 hours ago ago from Auto World!
In his first media roundtable since adding CEO to his title just 14 days ago, General Motors Chairman Ed Whitacre said the automaker would pay back $6.7 billion in government loans by June, that selling more cars and generating revenue are GM's top priorities, and a sale of Sweden's Saab to Dutch sports carmaker Spyker is Whitacre, the retired CEO of AT&T who became GM chairman at the request of President Obama's automotive task ...
Related contentCEO: GM to repay $6.7 billion in U.S. loans
17 hours ago ago from Tiny Car | Smart car News Blog
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. Read more about CEO: GM to repay $6.7 billion in U.S. loans from Source Related posts: General Motors says it will repay government loan in June Chrysler won’t repay $3.7 billion TARP loan GM's Whitacre wants automaker to move faster, pledges quick repayment of government loans
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9 hours ago ago from Florida Voters Registration
The economic troubles were not an accident. The credit crisis lead by bad mortgage backed securities was set up starting with the community reinvestment act. The whole credit crisis bomb was detonated by a energy crisis that's has also been set up for years. Ask yourself these things and see if you can answer them. Why had Obama encouraged other countries to use nuclear but he and most other democrats and the watermelon environmental ...
Related contentCEO: GM to repay government loans by end of June
18 hours ago ago from One Better One
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 G Read Go here to read the rest: CEO: GM to repay government loans by end of June Go to Source Leave a Reply Name (required) Email ...
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