Chevrolet Corvette Stingray C7 Forum - View Single Post - GM pays back US & Canadian loans way early

Unfair · 04-23-2010, 10:20 PM

The plot thickens... :(

http://www.foxnews.com/politics/2010...h-advertising/

General Motors is running ads on all the major networks this week claiming it has repaid its bailout from the taxpayers "in full." But the claim isn't standing up to scrutiny from lawmakers and government watchdogs who have found that the automaker was able to repay the bailout money only by dipping into a separate pot of bailout funds.

The TV spot may land GM in hot water with the Federal Trade Commission over its truth-in-advertising laws, which prohibit ads that are "likely to mislead consumers."

04-23-2010, 10:20 PM	#286
Unfair Banned Drives: 2001 Camaro SS Join Date: Jun 2009 Location: Chicago, IL Posts: 754	The plot thickens... :( http://www.foxnews.com/politics/2010...h-advertising/ General Motors is running ads on all the major networks this week claiming it has repaid its bailout from the taxpayers "in full." But the claim isn't standing up to scrutiny from lawmakers and government watchdogs who have found that the automaker was able to repay the bailout money only by dipping into a separate pot of bailout funds. The TV spot may land GM in hot water with the Federal Trade Commission over its truth-in-advertising laws, which prohibit ads that are "likely to mislead consumers."