GM completes government loan payments, increases Chevy Volt, Malibu focus
AUTOMOTIVE RESOURCES Auto Shipping Quote, Car Financing, Car Insurance Quotes, Car Loans, Online Car Insurance, Rental Cars, “I am very pleased to announce that, as of today, General Motors has repaid, in full and with interest, the loans made last July by the U.S. Treasury and Export Development Canada,” said GM chief executive Ed Whitacre, speaking at a plant in Fairfax, Kan., where GM builds Chevrolet Malibu and Buick LaCrosse sedans. Whitacre also announced GM would make two big investments for production of the next-generation Malibu: $136 million in the Fairfax facility, which will become the primary production point for the car. Likewise, GM has invested $121 million in its Detroit-Hamtramck plant to provide additional production at peak demand time.
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