DETROIT -- General Motors Co. said it will make its second loan payments to the U.S. and Canadian governments on Wednesday, March 31, and reaffirmed a plan to pay back the loans by midyear.
The automaker will shell out $1 billion to the U.S. Treasury Department on the way to paying back $6.7 billion. GM also will pay $192 million on its Canadian loan, worth $1.4 billion in U.S. currency. The first payments, also at those amounts, were made to both governments in December.
GM was not required to make any payments before July 2015.