Originally Posted by HoustonScott
Anyone else surprised GM is claiming to have payed back the government loans. They were loaned over 60B dollars and have lost another 4.5B this year. They payed back 6.5B to USA and Canada by using government money to pay loads to Canada. The fact is GM looses money on every car or truck it sells, the more they sell the more they loose. Until the unions go away GM is going to loose money. Your thoughts.
GM paid back the loan amount they were required to....the other billions of dollars still owed will be given to the U.S. government as stock once they start an IPO. The U.S. government will more than likely get all of their money back plus some when that time comes.