US: GM repays US$2.1bn to Treasury

General Motors has repaid the US Department of the Treasury (UST) US$2.1bn, further reducing its financial leverage. On 15 December, the OEM completed the US$2.1bn purchase of the GM 9% Series A preferred stock held by the UST. It had originally given the government this stock under the bailout agreement. GM Subscribe to Automotive World … Continued

• By Webmaster
• December 16, 2010