[Number 3]

Well actually, you don't need profit to pay off loans.

You can show a loss AFTER paying off loans.

And you are forgetting, GM is a global company. There are Billions going to restructure European operations as well. There is money going everywhere and I wouldn't even try to guess where it all ends up.

Also, it was reported, maybe not widely, that GM did have a postive cash flow in the first quarter, which is huge a change from pre bankruptcy.

I'm sure not going to pretend to have a grasp on the finances of GM right now, but there is a huge chunk in the bank, the debt is much smaller and despite what the press wants to print, GM is probably in better shape financially than Ford who owes about as much as GM and holds much more debt.

And compare GM to Chrysler who has basically said, thanks for the hand-out, don't expect your money back anytime soon.............or wait was it the Italians that said that?

GM will pay back the loans early. Great step. All that remains is the liguidation of the remaining equity stake the government holds. Keeping in mind, that the UAW will likely bail on their stake immediately. The government may or may not. So to me that is what is unclear. How long with the U.S. Government remain the largest stock holder?