GM to repay government loan before June - WKOW 27: Madison, WI Breaking News, Weather and Sports

GM to repay government loan before June

DETROIT (WKOW) -- General Motors plans to announce it will repay its remaining $4.7 billion in U.S. Government loans sooner than expected.

GM said during its fourth quarter earnings announcement, earlier this month, that it plans to repay the money by June -- that's five years ahead of schedule.

GM got $52 billion in government aid, of that $6.7 billion is considered loans.

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