General Motors (not to be confused with the publicly traded shares of what is now Motors Liquidation Company (MTLQQ)) said this morning it will begin paying back $8.2 billion of U.S. and Canadian government loans, as the company finds itself with with more more cash than originally expected and improved sales. Auto sales for the company rose 21% quarter-over-quarter in Q3, it said. Payments will begin next month with a $1.2 billion payment and proceed quarterly, it said. The company sees slight growth in U.S. auto sales next year, around 11 million to 12 million units versus the 10.7 million units projected for this year. The stock of Motors Liquidation, meanwhile, which may still end up worthless, closed down 3.2% on Friday at 52 cents per share.
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