GM Not a Write-off? [ by Michael T] [News You Can Abuse]
April 07, 2010Seems maybe GM was worth saving - today they announced a 4th quarter loss but positive cash flow and growing U.S. market share.
Even better, they are planning on repaying a loan from the U.S. gov’t due in 2015 by June. That’s $6.5 billion skeptics thought certain to be flushed down the toilet even a few months ago. And possibly turn a profit this year. Who woulda thunk it?
Of course, the anti-Tarpies will harp on the $45 billion they still owe us. Looks like they may be able to do a stock offering and repay that in a few years.
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