General Motors Pays Back $8 Billion to Taxpayers Ahead of Schedule

General Motors today $8.1 billion in government loans repaid, five years ahead of schedule and nine months after the troubled auto giant declared bankruptcy, signaling that the auto maker may be on the path to profitability. "As of today, GM has repaid in full and interest," said GM CEO Ed Whitacre to a crowd assembled on floor of a GM plant in Kansas City, Kan. To smiles and applause from workers, Whitacre also announced GM's plan to invest $257 million in that plant and another in Detroit...Full Story
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