GM repays US government loans

GM repays US government loans – Ed Whitacre, the CEO of GM, told several thousand cheering GM workers at an assembly plant in Kansas City that the company had fully repaid $6.7bn in loans to the US government and $1.4bn to Canada. Mr Whitacre also announced that the company was investing $257m in the Kansas City facility and a plant in Detroit to build the next version of the Chevrolet Malibu mid-sized sedan – FT