General Motors chairman Ed Whitacre has avowed that the company will repay all the hand-outs it has been given by the US government to keep it afloat and defended its decision to pull out of the deal to sell GM Europe.
Speaking at Texas Lutheran University Whitacre said the auto giant was on its way back to health following its July bankruptcy. He said: “Can GM pay back its loans? You bet. I can’t tell you when, but it won’t be very long.” GM, currently majority owned by the government, owing to the state loans, is…
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