Good Economic News: GM to Repay Loans Early

Good Economic News: GM to Repay Loans Early

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dollar-sign-morguefile.jpgGeneral Motors Co. is expected to fully repay its $6.7 billion in U.S. government loans by 2011, four years earlier than required. The auto manufacturer reported the news Monday after announcing recent sales exceeded expectations and costs came in lower than expected.

Under the plan, the automaker said it will begin paying the U.S. Treasury Department $1 billion each quarter, beginning at the end of December.

(Read more at NPR)

(Photo credit: imelenchon)

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