GM says it plans to pay off government loans by June
ASSOCIATED PRESS DETROIT – General Motors Co., steadily returning to health after its near-collapse in 2009, said yesterday it plans to pay off its government loans by June – five years ahead of schedule – and could report a profit as early as this year. GM said it lost $3.4 billion in the fourth quarter of 2009 on revenues of $32.3 billion. But things are on the upswing. Sales and production …
