General Motors Co. is poised to begin returning $6.7 billion in loans from the U.S. Treasury for the simplest of reasons: In the battle for perception, it's good business -- and even smarter politics.
Detroit -- General Motors Co. might be able to repay $6.7 billion in federal aid by next summer, five years earlier than expected, because the automaker's worst pre-bankruptcy financial fears never materialized.
Birmingham, Ala. -- Kia's new auto assembly plant in western Georgia is bringing pockets of prosperity to communities across Alabama and reinvigorating an eastern swath of the state that's suffered heavy textile industry losses.
Washington -- GMAC Financial Services on Monday replaced chief executive Alvaro de Molina with one of its new board members, who vowed to focus on the core business of lending to General Motors' and Chrysler's dealers and customers.
General Motors said today it might be able to fully repay taxpayer-funded aid by next summer and that it lost $1.15 billion since emerging from bankruptcy July 10.
Washington -- General Motors Co. will announce today it will begin repaying its $6.7 billion in government loans ahead of schedule -- a sure sign that the Detroit automaker's finances are improving since its exit from bankruptcy in July.
