Chevrolet Corvette Stingray C7 Forum - View Single Post

zen · 04-22-2010, 12:40 PM

I believe GM borrowed the money (from TARP) to pay off the loan. So in the end they still owe that amount and it seems to be a bit of PR work in the media. Also they still have to pay the Government a hell of a lot of money to buy their stock back.

04-22-2010, 12:40 PM	#105
zen Drives: 2011 CTS CPE & 2010 2LT/RS CGM Join Date: Jun 2009 Location: Nevada Posts: 337	I believe GM borrowed the money (from TARP) to pay off the loan. So in the end they still owe that amount and it seems to be a bit of PR work in the media. Also they still have to pay the Government a hell of a lot of money to buy their stock back.