GM Will Repay $50 Million by 2015

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GM Will Repay $50 Million by 2015

By Scott Sarvay

Story Published: Jul 10, 2009 at 3:49 PM EST

Story Updated: Jul 10, 2009 at 3:49 PM EST

DETROIT (Indiana's NewsCenter) - The newer, leaner GM has eliminated quite a bit of its former debt but there's still a hefty bill to be paid to the U.S. taxpayers.

General Motors CEO Fritz Henderson says the automaker hasn't forgotten the crucial support of the American people and GM will repay about $50 billion in government loans in advance of the 2015 deadline the company was given.

He says GM will focus more on customers, including a partnership with eBay to test the viability of auctioning vehicles online.


(© Copyright 2009 Indiana's NewsCenter. All Rights Reserved.)

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