US: GM withdraws US$14.4bn loan request

General Motors has announced that it is withdrawing its application for US$14.4bn in federal loans from the US Department of Energy (DOE). The OEM says the move is due to a considerable improvement in its business performance. The step supports GM's efforts to eliminate most of its debt and fully Subscribe to Automotive World to … Continued

• By Webmaster
• January 27, 2011