GM to pay off $5.8B bailout loans early
Source: The Detroit News
General Motors Co. is repaying its remaining $5.8 billion in bailout loans to U.S. and Canadian taxpayers two months ahead of schedule.
The actual payment could be made as early as today.
The Detroit-based automaker also will announce a new investment at the Kansas plant, which could include adding jobs, a person familiar with the matter said.
The final loan repayment will total $4.7 billion to U.S. taxpayers and about $1.1 billion to the governments of Canada and Ontario.
That socialist Obama, GM to pay back their loans early and w/ interest so they can go public again. One more Tea Party idiotic talking point gone with Obama wanting to have centralized government control over the auto industry.