General Motors has begun loan repayments to the US, Canadian and Ontario governments.
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“We paid $1bn to the US Treasury and $192m to Export Development Canada [on Friday] a statement from chairman and CEO Ed Whitacre said.
“We are grateful for the support the governments have provided us. We look forward to continuing repayments through June 2010, at which time the balances will be paid in full, assuming no downturn in the economy or business.”
