GM Repays German Government Almost $300 Million Of Opel Loans

General Motors Co. today repaid 200 million euros ($297.6 million) in German government aid that kept its carmaker Adam Opel GmbH afloat this year.

GM also said it will repay another 400 million euros ($595 million) by Nov. 30.

The payment comes more than a week after GM's board of directors voted to keep Opel instead of selling it to Canada's Magna International Inc. and its Russian partner, Sberbank.


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Joe_Limon - 11/13/2009 12:49:56 PM

0 Boost

Where are they getting this money from?

freeagent - 11/13/2009 4:49:38 PM

-2 Boost

Where did the dough come from? All those millions of happy US taxpayers, of course.