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Government loans: Paid Back in Full


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Today, General Motors is announcing that it has made a payment of $5.8 billion to the U.S. Treasury and Export Development Canada. We're paying back—in full, with interest, years ahead of schedule—loans made to help fund the new GM.

Our ability to pay back these loans less than a year after emerging from bankruptcy is a sign that our plan for building a new GM is working. It is also an important step toward eventually reducing the amount of equity the governments of the U.S., Canada and Ontario hold in our company. Combined, these governments hold a majority of GM's equity, and we want citizens to know how their governments' money is being put to work.

Read more: http://online.wsj.com/article/SB10001424052702303491304575188473069446344.html?mod=WSJ_Opinion_LEFTTopOpinion

Bruce

2016 Cadillac ATS-V gray/black

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