$1 billion to US government; $192m to the Canadian Government
21 December 2009

GM has begun repaying its bailout loans to the US and Canadian governments.

It paid the US government $1 billion and the Canadian government $192 million.

GM must repay the US government $6.7 billion by June 2010 - a target it said in a brief statement that it would achieve.

The US government currently owns 60 per cent of GM, but is looking to offload its shares in an upcoming stock offering, which analysts predict could be as early as the middle of next year.

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2

21 December 2009

Glad to see where the cash-for-clunkers money is going to.

21 December 2009

GM paying it's debt with the money it has borrowed. Now there is a long term business plan

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