Skip to content
Digital News Report Logo
Menu
  • News
  • Business
  • Science
  • Entertainment
  • Health
  • Sports
  • Audio Books
  • Quizzes
  • Videos
Menu

Home » Business » GM pays back US Treasury Loan in Full

GM pays back US Treasury Loan in Full

By Victoria Brown on April 21, 2010

Digital News Report – General Motors (GM) has paid back the remaining $4.7 billion for a total of $6.7 billion in payments to the US Department of the Treasury.  GM was able to pay back the US Treasury five years ahead of the maturity of the loan.

The funds loaned to GM came out from the Troubled Asset Relief Program (TARP).  So far, the US Treasury have received repayments of $186 billion leaving less than $200 billion outstanding loans.

Us Treasury Secretary Tim Geithner said that the early repayment from GM shows the company is on a “strong path to viability.”

The US Treasury still has $2.1 billion invested in preferred stocks and a 60.8 percent of the common equity.

  1. Fannie Mae asking for another $8.4 Billion from US Treasury
  2. Treasury Commences Plan to Sell Citigroup Common Stock
  3. General Motors withdraws $14.4 billion loan application from DOE
  4. Discover completes purchase of The Student Loan Corporation
  5. Obama Budget Calls For Tax Increase and Cuts

1 thought on “GM pays back US Treasury Loan in Full”

  1. conservative but not republican says:
    April 21, 2010 at 2:56 pm

    Paying back treasury with money from TARP. Sounds like you’re paying Visa with your AmEx.

Comments are closed.

Live Results Search

Categories

Important Information

This site is for informational purposes only.  Always check with your doctor or  legal council before making any medical or legal decisions.

loader-image
San Francisco, US
9:30 pm, June 23, 2025
temperature icon 54°F
broken clouds
Humidity 86 %
Pressure 1013 mb
Wind 17 mph
Wind Gust: 0 mph
Visibility: 10 km
Sunrise: 5:48 am
Sunset: 8:35 pm
Weather from OpenWeatherMap

 

©2025 Digital News Report | Design: Newspaperly WordPress Theme