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According to commercials, GM has paid all their debts back to the US gov't and they can finally tell them to kiss their ass and do whatever they want to do with the company. They were motivate, could see the gov't was going to drive them out of business with the way they were controlling them. This insite got them to pay back the loan 5 years early. Now bring on the cool cars again and bring back Pontiac! :rock:
Way to go GM!
:thumb::thumb:
yep this was on fox business news yesterday morning they are 100% paid off, took then 9 months instead of 5 years (which some people said they would never be able to pay back in 5 let alone 10)
thank Ed Whitacre
And since then have you notice more GM adds on TV too. It's looking good.
but it still took alot of jobs with GM closing so many small dealerships. lets hope they can save pontiac now.
This is the best news all month!!!
I have been seeing the commercials too. Awesome for GM. Now just get rid of the UAW.
seen the same thing maybe we can start selling some more i was getting nervous for awhile there.
They're not out of the hole...just paid 8 billion faster than they had expected, they still owe somewhere near 40 billion. All they did was shuffle money lended by the government to pay off gov loans.....didn't accomplish much there but confuse people...