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GM makes first payment to US and Canada.

Auto Business News-21 December 2009-GM makes first payment to US and Canada(C)2009 ENPublishing - http://www.enpublishing.co.uk

Auto Business News - 21 December 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

General Motors Corporation (GM) (NYSE: GM), a United States-based automaker, has made its first payment to the United States and Canadian government.

The payment has been made 13 days in advance of its due date.

According to Ed Whitacre, GM's chairman and operating CEO, 'I am pleased to announce that today, GM followed through on its commitment to begin loan repayments to the U.S. and Canadian and Ontario governments. We paid USD1.0bn to the United States Treasury and USD192m to Export Development Canada.'

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Publication:Auto Business News (ABN)
Date:Dec 21, 2009
Words:142
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