General Motors announced Monday that it will begin repaying $6.7 billion in government loans before the end of the year and could pay back the full amount as early as next year, five years ahead of schedule.
In a surprise reversal that has left politicians across Germany fuming, General Motors' board has voted to abandon a deal to sell its European operations to car-parts supplier Magna International Inc. and Russian bank Sberbank.
By Online DA
General Motors Corp. CEO Fritz Henderson announced Friday that the company emerged from bankruptcy and now begins the task of remaking the struggling American carmaker that was once the world's largest and most powerful.
By PBS NewsHour
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