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Loans are paid, how long for the IPO?
 

GM's Federal Loan Repayment

Loans are paid, how long for the IPO?
 
Posted April 21 2010 05:13 PM by Brandan 
Filed under: Editorials, Chevy

GM  General Motors Company logo


GM anounced today that they've paid back the government the last of the TARP money, wrapping things up five years ahead of schedule with a 5.8 billion dollar payment.


The government still holds 60% of GM's yet-to-be-released stock, but until the IPO, which may happen later this year, this is likely the best way to shed the "Government Motors" stigma that's been hounding them since late in 2008.

In case you haven't seen the commercial, you can find it on YouTube, here






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