GM's future looking better, will start paying back loans earlier
11-16-2009, 09:58 AM
#1
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GM's future looking better, will start paying back loans earlier
More here: http://www.bloomberg.com/apps/news?p...2XrN_eJ0&pos=2
Nov. 16 (Bloomberg) -- General Motors Co., signaling confidence in its recovery from bankruptcy, said it generated $3.3 billion in cash in the third quarter and plans to start repaying government loans early.
Cash on hand was $42.6 billion at the end of September after a restructuring engineered by the Obama administration, and GM reported progress in cutting jobs and shutting dealers. The loss since leaving Chapter 11 on July 10 was $1.15 billion, GM said today.
Nov. 16 (Bloomberg) -- General Motors Co., signaling confidence in its recovery from bankruptcy, said it generated $3.3 billion in cash in the third quarter and plans to start repaying government loans early.
Cash on hand was $42.6 billion at the end of September after a restructuring engineered by the Obama administration, and GM reported progress in cutting jobs and shutting dealers. The loss since leaving Chapter 11 on July 10 was $1.15 billion, GM said today.
Last edited by ChevyMgr; 11-27-2009 at 12:54 PM. Reason: admin edit
11-16-2009, 02:12 PM
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I'll have to wait and see what kind of deals are out there. I still don't see many HHRs out there with any "good" prices. It seems to me that the prices were jacked up, then dropped back to just being over priced.
11-21-2009, 12:03 AM
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11-21-2009, 06:55 AM
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