General Motors CEO Whittaker: universal has paid government loans
21st century Web news according to Xinhua News, United States General Motors Chairman and CEO Edward ・ Whitaker 21, said that universal has paid the Government loans.
Whittaker said that universal has so far fully repay the United States Department of Treasury and Canada Export Development Corporation provides loans and interest. "We are able to pay in advance, is universal as the design, manufacture and sales of unprecedented good car".
He said that the generic operations made important progress, but much work needs to be completed.
A GM spokesman told AFP journalists, General debts 20, satisfaction.
General aspects of early this month, said that the end of March, the Ministry of finance to General total United States and Canada Export Development Corporation to repay a loan of us $ 28, 6 months ago also will reimburse the remaining 56 billion loan. Universal also planned initial public offering of shares to listing, thereby reducing the United States Government share.
General this month published annual financial report 2009, net loss of $ 43, but the common good 2010 annual profits.
Universal 1 June last year filed for bankruptcy protection, July 10, assets restructuring completed the establishment of a new GM. In the meantime, the United States Government has injected relief, universal input so far to $ 50 billion United States Government now hold the car manufacturer 60.8 per cent of the shares.
(21 century network)