General to the early repayment of loan as early as April implementation
According to the latest that the United States General Motors plans this year, before 1 June reimbursement of its financial crisis during the United States and Canada Governments of nearly 60 billion rescue loan. General Motors CEO-Tucker's earliest possible on April 21, officially announced the repayment plan.
As from bankruptcy protection, General Motors since June last year to the United States, Canada, the two Governments borrowing nearly $ 7 billion. Under the original provisions, General Motors is required to satisfy these loans by 2015, but as the business better, the company has to last December and March, respectively, to the Governments of the United States and Canada, to pay off the $ 1 billion and 2 billion loan. Current United States Government in GM share up 61%, is the company's largest shareholder.
Automotive research institutions United States automobile dynamic consulting company CEO Philip believes that currently General Motors operating cash flow has been able to achieve growth, "after a period of time, effort, General Motors has effectively reduced cost structure and the renovation of the entire product line. For cash flow increase, this will have a very noticeable positive effect. ”