GM's Federal Loan Repayment

Loans are paid, how long for the IPO?

Posted April 21 2010 06:13 PM by Brandan
Filed under: Editorials, Chevy

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.

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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

Reader Comments:

1. I think you meant to say federal instead of fegeral haha. Good thing they will be getting to government off their backs.

Silverado_desperado - Posted April 21 2010 07:14 PM

2. Oops, good catch, fixed it.

Brandan - Posted April 22 2010 02:15 PM

3. While I applaud GM's bold efforts, I've got to hand it to Mulally and his shrewd foresight that he was able to keep Ford out of Chapter 11.

Edward A. Sanchez - Posted April 26 2010 04:53 PM

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