Universal will reimburse this week United States and Canada Government loans
Super comprehensive Automotive News reported, according to News Agency informed on April 19, that General Motors will repay the United States Government this week and the Government of Canada.
The insider said that universal will be this week to United States State Department of finance to repay loans, 47 billion to Canada's Government to repay a loan of us $ 11.
The Insider also revealed that the repayment of the loan does not affect the United States Government and the Government of Canada holds common shares, in addition, GM CEO-Tarek April 21, officially announced universal this repayment plan.
Under the original provisions, general purpose must be paid in United States by 2015 and the Government of Canada. However, as the business better, GM decided before the end of June this year to pay off the loan. General Motors has last December and March of this year the Government of the United States and Canada respectively to pay off the $ 1 billion and 2 billion loan.