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

Home » Business » General Motors withdraws $14.4 billion loan application from DOE

General Motors withdraws $14.4 billion loan application from DOE

By Victoria Brown on January 28, 2011

Digital News Report – General Motors (GM) announced today that they will withdraw their $14.4 billion loan application from the US Department of Energy (DOE).

GM said in a statement by Chris Liddell who is GM’s vice chairman and CFO, that they felt that their overall progress was strong with their global business performance. By withdrawing this loan application the company will achieve their goal of carrying minimum debt.

IPO’s for GM of $23.1 billion was offered during the first nine months of 2010, which has helped to create $4.2 billion in net income. There was $3.4 billion that was invested in US locations and the company said that 11,000 jobs were saved.

By Victoria Brown

  1. Mortgage Loan Lenders report increase on Home Loan Application and Refinancing
  2. Home Loan Modification Application Process – Steps to make it Permanent
  3. Wells Fargo Loan Modifications in California to provide $2 Billion in relief for Pick-a-Pay Borrowers
  4. Student Loan Consolidation – Public and Private Options Available
  5. Fannie Mae asking for another $8.4 Billion from US Treasury

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
4:30 am, May 19, 2025
temperature icon 54°F
clear sky
Humidity 81 %
Pressure 1018 mb
Wind 14 mph
Wind Gust: 0 mph
Visibility: 10 km
Sunrise: 5:56 am
Sunset: 8:16 pm
Weather from OpenWeatherMap

 

©2025 Digital News Report | Design: Newspaperly WordPress Theme