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

Posted Mar 11, 2010

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]