Register now for free access to - this week only.

Senator: GM repaid federal loan with federal money


Without knowing all the details of what obviously is very complicated transactions, it seems like the Feds provided TARP money and received both equity and debt.

GM then has all the cash, with budgets drawn up with how it will be used.

If the equity funds alone provided enough liquidity to keep the new company running, then GM did the right thing and retired the debt early.

Making the most of every opportunity, even symbolic ones, is the American way. I don't think GM should be criticized for making the most of the story. Even if the story creates an image which differs with reality.

When can the industry and the nation expect the new company to buy out the equity?

Any IPO experts read this blog?

It seems when the full amount of funds infused into the new GM are returned to the Feds, GM will have something to announce.


ATTENTION COMMENTERS: Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.

Email Newsletters
  • General newsletters
  • (Weekdays)
  • (Mondays)
  • (As needed)
  • Video newscasts
  • (Weekdays)
  • (Weekdays)
  • (Saturdays)
  • Special interest newsletters
  • (Thursdays)
  • (Tuesdays)
  • (Monthly)
  • (Monthly)
  • (Wednesdays)
  • (Bimonthly)
  • Special reports
  • (As needed)
  • (As needed)
  • Communication preferences
  • You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.