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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Re: GM begins loan repayments
GM paying it's debt with the money it has borrowed. Now there is a long term business plan
Re: GM begins loan repayments
Glad to see where the cash-for-clunkers money is going to.