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Old 04-21-2010, 04:56 PM   #15
axis
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Quote:
Originally Posted by sprtplt View Post
Except that it is a lie. They borrowed 52 billion and are paying back less than 6 billion. Claiming they have repaid the loans in full it a blatant lie. They are using this already in their advertising and I think that is very shady.
While they did borrow the 52 billion and repaid the advertised amount, the rest of loan wasn't wiped out. It was converted to stock options which is why the US and Canada still own 61% and 12% of the company. From the reports, GM hopes to repay those stocks with a public stock offering, later this year.
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Old 04-21-2010, 05:03 PM   #16
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Originally Posted by CamaroSkooter View Post
GM can't force the government to sell its shares.

Nevermind that the government owning shares in a publicly traded company was a bad idea to begin with...
But that is a whole other can of worms we shan't open here, lest we be struck down by the mods
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Old 04-21-2010, 05:06 PM   #17
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True.
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Old 04-21-2010, 05:06 PM   #18
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http://www.google.com/hostednews/ap/...7WW_QD9F7I9B82
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Old 04-21-2010, 05:11 PM   #19
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Originally Posted by Bbrock25 View Post
Yes I got one and they said

Dear Paul,

My name isn't Paul, no one in my family's name is Paul lol...odd.

hello paul
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Old 04-21-2010, 05:25 PM   #20
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I got it. THis is freaking awesome!!! Way to go GM!!!
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Old 04-21-2010, 06:01 PM   #21
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Yup..I got that E-mail about 45 minutes ago..
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Old 04-21-2010, 06:01 PM   #22
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I got that same email today.
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Old 04-21-2010, 06:14 PM   #23
chevy 3
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Way to go chevy!!!
Chevy just paid back the government lone. Also 5years
early.just got an email saying so.this is a great day for
chevy fans all over
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Old 04-21-2010, 06:24 PM   #24
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Originally Posted by chevy 3 View Post
Chevy just paid back the government lone. Also 5years
early.just got an email saying so.this is a great day for
chevy fans all over
$100 says this still won't quiet the rejects who call it "Government Motors" or "Obama Motors."

Some people just want to be ignorant.
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Old 04-21-2010, 06:25 PM   #25
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All paid off already? ROCK ON
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Old 04-21-2010, 06:26 PM   #26
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http://www.camaro5.com/forums/showthread.php?t=78865
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Old 04-21-2010, 06:26 PM   #27
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sweet! found an artical on this! http://www.marketwatch.com/story/gm-...k=MW_news_stmp

Way to Go GM!
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Old 04-21-2010, 06:27 PM   #28
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So now all the tools can quit calling them Government Motors.
But they won't. You know how ignorant people can be. You can't change their minds about anything.
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