GM to start repaying U.S., Canada soon, source says
General Motors will start paying back loans from the governments of the U.S. and Canada much sooner than anticipated, a source said. A $1.2 billion payment is expected to be made toward the end of December, with the U.S. getting about 85% and the rest going to Canada. GM received $50 billion in government aid.
Detroit News, The
| 11/15
This story published in The Financial Services Roundtable SmartBrief on 11/16/2009
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