Wednesday, April 21, 2010

GM Paid Off Loan 5 Years Early

Great start! Hopefully their stock will be publicly traded within a few months. This news combined with solid products with passionate designs is building quite the momentum.

Oh, and I'm sure Toyota's utter collapse from the inside out isn't hurting GM either.

Whitacre: Remaining $5.8B in gov't loans paid back 5 years ahead of schedule: "


This morning, General Motors Chairman and CEO Ed Whitacre confirmed that the company has paid back a total of $5.8 billion in federal loans a full five years ahead of schedule. Whitacre attributed the company's ability to make the payment, with interest, to its new strategy and the success of new models like the Buick Lacrosse and Chevrolet Malibu.

[Image: Stan Honda/AFP/Getty]"

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