GM pays back government loans: - ModernCamaro.com - 5th Generation Camaro Enthusiasts
Automotive Industry News For General Auto Industry news other than Camaro.

Reply
 
LinkBack Thread Tools
post #1 of 16 Old 04-21-2010, 10:00 AM Thread Starter
 
Join Date: Aug 2006
Posts: 1,032
 
GM pays back government loans:

General Motors Co. said it has repaid the U.S. and Canadian governments $5.8 billion for loans that helped fund the U.S. automaker last year.

More...
ModernCamaro.com News is offline  
Sponsored Links
Advertisement
 
post #2 of 16 Old 04-21-2010, 10:06 AM
Veteran Member
 
Kitty's Avatar
 
Join Date: Feb 2010
Location: Alberta Canada
Posts: 1,892
 
so to confirm that i read that article right......

they don't owe anything to anyone anymore?

if that's the case holy freaking crap that was fast pay back

welcome to alberta we eat cow, drill oil and rope calves

wants to push you down a flight of stairs to see if you are like a slinky or if you bounce like a ball... either way, I am quite sure I will be amused
Kitty is offline  
post #3 of 16 Old 04-21-2010, 10:30 AM
Member
 
SS112's Avatar
 
Join Date: Jun 2009
Location: Agawam, MA
Posts: 457
 
Awesome news...shows that the American auto industry is headed in the right direction again


"Commitment leads to action. Action brings your dream closer."

Commitment= attending college
Action= graduating
Dream= graduating college with a new Camaro
SS112 is offline  
 
post #4 of 16 Old 04-21-2010, 10:32 AM
Moderator
 
USA1Camaro's Avatar
 
Join Date: Dec 2006
Location: Indiana
Posts: 5,229
  
Wooot!
USA1Camaro is offline  
post #5 of 16 Old 04-21-2010, 11:22 AM
ModernCamaro.com Founder / Former Camaro Disciple
 
OctaneZ28's Avatar
 
Join Date: Jan 2006
Location: Chicagoland, IL
Posts: 11,842
           
That was quick!

However, the 61% equity ownership by the US Government remains.
But when they do the IPO - which should be soon now that the loans are paid - they will likely buy back most of the government's shares pretty quick.

2001 Camaro Z28 H/C/I LH6 A4 3.42

Like ModernCamaro.com on Facebook!
OctaneZ28 is offline  
post #6 of 16 Old 04-21-2010, 12:13 PM
Veteran Member
 
POWERFREAK's Avatar
 
Join Date: Feb 2008
Location: NY
Posts: 7,873
  
GOOD NEWS!

2010-2SS/RS/LS3/IBM/RP6: ECS-Paxton Supercharger / American Racing Headers & Exhaust / PFADT Suspension / DSS 9" 4.10 Rear / FOR SALE!

Quote:
Originally Posted by Taglane View Post
Powerfreak is the only one who actually understood anything.
POWERFREAK is offline  
post #7 of 16 Old 04-21-2010, 01:00 PM
ModernCamaro.com Founder / Former Camaro Disciple
 
OctaneZ28's Avatar
 
Join Date: Jan 2006
Location: Chicagoland, IL
Posts: 11,842
           
GM even has a cool new commercial about it:

http://www.youtube.com/watch?v=SSNPFVLIWjI


2001 Camaro Z28 H/C/I LH6 A4 3.42

Like ModernCamaro.com on Facebook!
OctaneZ28 is offline  
post #8 of 16 Old 04-21-2010, 01:16 PM
Senior Member
 
Rodimus Prime's Avatar
 
Join Date: Jul 2009
Posts: 589
 
Good commercial, Id almost bet I never see it on TV though. Im gonna snatch up some GM stock when its out too.

You have been banned for the following reason:
No reason was specified.
Date the ban will be lifted: Never
The other websites awsome excuse to ban me.

Username: Rodimus Prime Password: Rebecca1
Rodimus Prime is offline  
post #9 of 16 Old 04-21-2010, 02:00 PM
Member
 
Join Date: Jul 2009
Location: California
Posts: 259
 
Garage
Great Commercial. Won't see it here in Ca that is for sure. Waiting for public stock opening as well. Have money waiting for that one.

2010 2SS/RS RJT, ADM CAI, Borla Shorties, Borla "S" Cat Back, Edelbrock E-Force Supercharger, GMS Wires, Rear Trailing Arms, Rotors, End Links, Tunnel Brace, Rear Tie Rods, 1G Suspension Package, Stage 3 CNC ported heads, R12 Custom Ground Camshaft, Meth Injection, GMS Custom Tuned, Norris Catch Can, MTI Brake Lines, Pfadt Coilovers, Sway Bars, Camber Kit, and Rear LCA Reinforcement, , AAC Footwell, Trunk and Dome LED Lighting, RED B/A Pedals, Ported TB, 621RWHP/584TQ
Tom D is offline  
post #10 of 16 Old 04-21-2010, 04:33 PM
Veteran Member
 
weland's Avatar
 
Join Date: Jul 2008
Location: S.F. Bay Area
Posts: 3,900
  
Quote:
Originally Posted by Tom D View Post
Great Commercial. Won't see it here in Ca that is for sure. Waiting for public stock opening as well. Have money waiting for that one.
Until that happens the "G" in "GM" is still Government.

Still legal in 16 states. It's happy. It's fun. It's Happy Fun Car.
Do not taunt Happy Fun Car.
weland is offline  
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the ModernCamaro.com - 5th Generation Camaro Enthusiasts forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome