BREAKING: GM to begin repaying $6.7 billion in U.S. loans next month
However, as the Washington Post points out, the amount the government will get back from GM depends on the value of the General's stock. With $6.7 billion in debt, $2.1 billion preferred stock and a 61 percent stake in the automaker, the $50 billion total is a long way off from being paid in full. And when GM reports its financial results tomorrow, it's not expected to show a profit, although the overall picture could be slightly better than anticipated.
[Sources: Washington Post, Detroit News | Image: Bill Pugliano/Getty]
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