GM Chairman Ed Whitacre Says $8 Billion In Loans To Be Paid By June
Amit Chowdhry | Thursday March 11, 2010 | 668 views| Add a Comment
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Ed Whitacre, Ed Whitacre Jr., General Motors, GM
GM Chairman and CEO Ed Whitacre said that they will pay back about $8 billion in loans by the government to the U.S. and Canada before June. This is faster than the time-line that was expected before. “I believe we’re going to beat that date,” stated Whitacre. ”We have restructured and the progress that we’ve made, I believe, is sustainable. We’re not being crushed under a mountain of debt. We have a cost structure that works.” [egmCarTech]
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