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Baraka_Guru · 11-16-2009, 06:26 AM

GM to repay US$1.2-billion government loans

Some contrasts here to the "Old GM" and the "New GM." Read the article for some performance and balance sheet numbers.

GM's market share is up, and its debt level is a fraction of what it was before bankruptcy protection. And this includes the government loans from both the U.S. and Canada, which it plans to start repaying with a billion-dollar payment next month. It's already repaid some cash to the German government regarding Opel, and it hopes to pay the balance of that US$1.3-billion-dollar debt by the end of the month.

GM's red ink is letting up it appears.

11-16-2009, 06:26 AM	#142 (permalink)
Baraka_Guru warrior bodhisattva Super Moderator Location: East-central Canada	GM to repay US$1.2-billion government loans Some contrasts here to the "Old GM" and the "New GM." Read the article for some performance and balance sheet numbers. GM's market share is up, and its debt level is a fraction of what it was before bankruptcy protection. And this includes the government loans from both the U.S. and Canada, which it plans to start repaying with a billion-dollar payment next month. It's already repaid some cash to the German government regarding Opel, and it hopes to pay the balance of that US$1.3-billion-dollar debt by the end of the month. GM's red ink is letting up it appears. __________________ Knowing that death is certain and that the time of death is uncertain, what's the most important thing? —Bhikkhuni Pema Chödrön Humankind cannot bear very much reality. —From "Burnt Norton," Four Quartets (1936), T. S. Eliot