GM to repay loans Weds
 

GM is repaying the loans to both the US and Canadian goverments 2 months before they said they would.
Q1 was big...real big.
The Treasury and GM will work on an IPO sooner then later now, where the goverment will be able to make a profit on the revitalized GM

http://www.gminsidenews.com/forums/f...3/#post2039982

thank god maybe i can buy a new one someday then!!!

edit... is the profit just like an Interest type thing... or does the govt not plan on giving its shares up once money is repaid...

bout time!

There are some that say the goverment might want to keep some shares of GM, but no where near a controling part of it. But its possible that as Govt sells off shares of GM, the price of the stock could climb, making the shares more valuale, giving the goverment more money.

:w00t:

Good to see this finally happening.

- Justin

well im not fighting you on this... but maybe i dont understand how it works... the govt. bailed GM out gave them lots of money and bought up a controlling part of the shares... now how do they get paid back and still keep the shares??? isnt that like getting paid twice for the same thing??

Treasury gave GM $50 billion, but when they took over 61% of GM, the recoverd some of the assets.
When the Treasury and GM work it out, it will an issue an IPO or an initial pulic offering. People will pay them money for shares in the company. This is just like any other private company going public.
Once that happens, and more shares of GM sold, the lesser the Treasury owns to where it will eventually own a small portion.

might be a good time to get some stocks?

How do we go about purchasing stocks? and whats the price per share at the moment for GM? wouldn't mind dropping a couple hundred in shares.

id buy some

Now, if only they would bring Pontiac back......

Thank you Toyota!!

g

Best quote related to the thread :D

You cannot buy stock in GM yet but when it the do the IPO you will be able to buy. The treasury will probably do a gradual release so that it can maintain a profit on the stocks.

just saw a commercial from GM stating this news...that they were paying off their gov't loans early on...seems like their on point with getting favorable in the public eye again..

Seriously? This is really old.

I heard of the rumors that they might buy pontiac back from "the old GM" is that possible??

just please stop, the horse will thank you

:werd: x10000000000000000000000000

I just got an email from GM stating that all the loans with interest have been paid back 5 years ahead of schedule.. Anyone else get this from GM?

We value and appreciate your loyalty more than anything. We are proud to announce we have repaid our government loan – in full, with interest, five years ahead of the original schedule. We realize we still have more to do. Our goal is to exceed every expectation you've set for us. We're designing, building and selling the best cars and trucks in the world. Like the award-winning Chevy Malibu, the all-new Buick LaCrosse, the versatile Cadillac CTS Sport Wagon and the innovative GMC Terrain, just to name a few. As we move into the future, we're thankful to have loyal owners like you. We invite you to learn more about the new GM and join our community, by visiting gm.com. And once again, thank you for your support.


Susan E. Docherty
Vice President, U.S. Marketing

I dont think they just dumped a couple billion dollars in the governments lap just now and said Kthankzbye.

http://www.foxnews.com/politics/2010...bailout-money/

:lol:

From Fox News, the most trusted of news sources when it comes the current administration.
Earnings will be posted next month.
It was NOT taken from TARP, but from GM's profits. Fox has been pushing this **** since they first announced it. They just cant get over teh fact that its possible that the goverment might have actually made a solid move, that the administration's choice to support GM was a good move, and that we tax payers will be paid back.

Really? I guess GM officials disagree with you. And something they conveniently decided to leave out of the commercial. :lol:

I guess you missed your memo.

http://blogs.wsj.com/washwire/2010/0...-to-pay-loans/