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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
 

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Awesome news...shows that the American auto industry is headed in the right direction again

:thumbsup::gm:
 

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That was quick! :thumbsup:

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.
 

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GOOD NEWS!
 

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Good commercial, Id almost bet I never see it on TV though. Im gonna snatch up some GM stock when its out too.
 

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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.
 

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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.
 

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In truth, according to the TARP fund folks, GM borrowed from a line of TARP credit to pay off the bailout loan. So....it's not 100% accurate that they're out of the woods. They just used one credit card to pay off another is what it amounts to. So I wouldn't bust out the party baloons just yet. But I believe it does allow GM to go ahead with plans for an IPO earlier than originally planned. Which in that respect, is good news. And the government STILL has their current ownership interest in it, so Weland does NOT technically fail.
 

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In truth, according to the TARP fund folks, GM borrowed from a line of TARP credit to pay off the bailout loan. So....it's not 100% accurate that they're out of the woods. They just used one credit card to pay off another is what it amounts to. So I wouldn't bust out the party baloons just yet. But I believe it does allow GM to go ahead with plans for an IPO earlier than originally planned. Which in that respect, is good news. And the government STILL has their current ownership interest in it, so Weland does NOT technically fail.
No..he fails for calling it Government Motors. ;)



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Oh, that...ok then. :)
 

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Sooner than I thought; I had said before 2011.

Good Job ladies!
 
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