GM Chairman Ed Whitacre Says $8 Billion In Loans To Be Paid By June

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]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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