GM on Track to Pay Govt. Loans Before June

One of the most important tasks for General Motors is now to pay back the government loans it received in both the United States and Canada, while forcing to re-become competitive and refresh the product lineup. GM CEO Ed Whitacre says the US-based manufacturer is still on track to pay the $8 billion loan to the two governments before the June deadline.

"I believe we’re going to beat that date," Whitacre said, according to a Reuters report. "We have restructured and the progres… (read more)