GM pays back loans 5 years ahead of schedule with interest.

[Deuce]

What is your take now American Auto Company haters? Just curious.

[Masu485]

it means that these bastards make too much money

[blueghost]

love affair with japanese cars is over ,with TOYOTA takin all the quality hits now,i worked for a big three company and had to listen to all that crap that we dont build quality cars ,now the shoes on the other foot..how do you like it now

[Andy117]

love affair with japanese cars is over ,with TOYOTA takin all the quality hits now,i worked for a big three company and had to listen to all that crap that we dont build quality cars ,now the shoes on the other foot..how do you like it now

They didn't build quality cars. They're better now but for a long time they produced garbage.

[Brock Landers]

Give back jobs to the THOUSANDS they kicked to the curb, then we can clap

[stealthyburrito]

helps stabilize one of our biggest industries, way to go GM

[FreeFall]

I'd love to buy their penny stock

[DrStale]

Give back jobs to the THOUSANDS they kicked to the curb, then we can clap

Yah, easier to pay back loans when you're not paying employees.

[Deuce]

Give back jobs to the THOUSANDS they kicked to the curb, then we can clap

Hard to when people are filing bankruptcy instead if paying bills so they don't make any money they're owed. Niggas are broke these days.

[tltaylor89]

The US can learn much from that with their debt load.

[pat venditto]

The u.s will be bankrupt soon.

[RockBottom]

Foreign companies employ many here too.

[French Tickler]

Hardly worth celebrating . . . http://www.businessweek.com/ap/finan.../D9F7EC3O2.htm

The U.S. government payments, made Tuesday, came five years ahead of schedule, and Whitacre said they are a sign that the automaker is on its way toward reducing government ownership of the company. The payments on the Canadian loans were also made Tuesday.
GM still owes $45.3 billion to the U.S. and $8.1 billion to Canada, money it received in exchange for large stakes in the company. The U.S. government now owns 61 percent of the company and Canada owns roughly 12 percent. GM plans to repay both with a public stock offering, perhaps later this year.

How do you pay yourself back?? US and Canada own most of GM, yet GM Owes the US and Canada $$ .......

[OmgUrMom]

Yah, easier to pay back loans when you're not paying employees.

their employees were paid WAY TOO MUCH for the un-skilled labor they do(factory jobs). (no offense to their employees but its the truth) This obviously hurt the company.

[Masu485]

their employees were paid WAY TOO MUCH for the un-skilled labor they do(factory jobs). (no offense to their employees but its the truth) This obviously hurt the company.

i hate to admit it but this is correct. only in the automotive industry can a high school dropout run and get hired and make $70 000+ per year.

[THE PROFIT]

The unions were the downfall of the auto industry. I come from a strong union family, and they dont like to hear the truth, but thats the truth.

[statnerds]

unions do nothing but kill business. they were so good at what they did, they rendered themselves obsolete. take a look at Employment Law sometime.

GM isn't a care company, it is a health care provider for union members at our expense. oh, us taxpaying Americans are fukked no doubt, but these union cocksukkers will be just fine:
Last week, GM disclosed under new accounting rules, the company's worldwide unfunded pension liabilities are $27 billion as of Dec. 31.
GM's U.S. obligations grew by $3.5 billion to $17.1 billion as of the end of 2009, while it owes $10.3 billion for pension obligations elsewhere.
Treasury spokeswoman Meg Reilly said the department didn't have an immediate comment.
The Obama auto task force warned last year that GM's future pension costs -- which include $6 billion in payments due in 2013 and 2014 -- are "unsustainable" and would require GM to sell 900,000 additional cars each year to reach the obligation.


how many votes does obama buy everytime he saves these union fukks that try to operate business as if economic truths and realities don't apply?

[OmgUrMom]

lol just seen a gm commercial with them bragging about paying the debt 5 years early

[The Prick]

BFD, they aint paid me fer the stock i held when they filed. an the unions are still there only now they own part of the gig, prolly the part alla us small stock holders got raped out of.

[Bill Dozer]

It's a good scam. GM has us print money and depreciate the dollar. In a few years when everyone is paying 4 times as much for cars because of inflation GM pays us back 1/4 of our investment. Companies like Tesla motors never had a chance at a free market.