Modbert
Daydream Believer
- Sep 2, 2008
- 33,178
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MICHIGAN: GM Will Pay Back Remaining Cash Loans This Month (2010-04-20).
But wait, if Obama is a communist who wants to take over the auto industry, how come this is happening?
ANN ARBOR, MI (MICHIGAN RADIO) - General Motors is expected to announce that it will pay back the remainder of six-point-seven billion dollars in U.S. and Canadian loans this month.
The automaker already made a payment of a billion dollars earlier this year.
GM CEO Ed Whitacre had said the automaker would pay the money back by June.
John Wolkonowitz is an auto analyst with I-H-S Global Insight.
He says the early payment is a sign that GM is selling enough cars to make it on its own.
But wait, if Obama is a communist who wants to take over the auto industry, how come this is happening?