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GM Repays German Government Almost $300 Million Of Opel Loans

Agent009 submitted on 11/13/2009 Official Bell & Ross Timestamp: 12:41:50 PM

4 user comments | Category: Misc News | Source: | SOURCE: www.detnews.com

General Motors Co.

today repaid 200 million euros ($297.6 million) in German government aid that kept its carmaker Adam Opel GmbH afloat this year.

GM also said it will repay another 400 million euros ($595 million) by Nov. 30.

The payment comes more than a week after GM's board of directors voted to keep Opel instead of selling it to Canada's Magna International Inc. and its Russian partner, Sberbank.


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GM Repays German Government Almost $300 Million Of Opel Loans

About the Author

Agent009

"If everything seems under control, you're just not going fast enough."

— Agent009 (View Profile)


User Comments

Joe_Limon

Where are they getting this money from?

— Joe_Limon (View Profile)

Posted on 11/13/2009 12:49:56 PM | reply to this comment | Votes: 0   

BSBB

GM must have some hope in Opel.

— BSBB (View Profile)

Posted on 11/13/2009 1:59:09 PM | reply to this comment | Votes: 3   

freeagent

Where did the dough come from? All those millions of happy US taxpayers, of course.

— freeagent (View Profile)

Posted on 11/13/2009 4:49:38 PM | reply to this comment | Votes: -2   

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