There were 21 press releases posted in the last 24 hours and 162,673 in the last 365 days.

Report: GM to Repay Bailout Loan Early

April 20, 2010 - The US government is set to get more of its bailout money back, this time from the auto industry. General Motors will repay ahead of schedule $6.7 billion it borrowed from the government, the Associated Press reports.

The details are to be announced Wednesday by GM CEO Ed Whitacre, a source told the AP on condition of anonymity. GM received $52 billion in aid, with $6.7 billion considered a direct loan, of which GM had already repaid $2 billion.

The repayment of the loan will come five years ahead of schedule.

Read more at Automotive Industry Today:
GM Bailout news -
Ed Whitacre news -

Located at, Automotive Industry Today is a service of EIN News, an industry leader in news monitoring for researchers and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest automotive industry news from around the world. New users to Automotive Industry Today can enjoy a no-obligation, one-week free trial.

About EIN Presswire
The EIN Presswire press release service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals through more than 90 industry channels. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the press release live feed at and the latest world news at