General Motors pays its loans early – Click above to view the video after the jump

It didn't take long for General Motors to turn out an ad boasting the fact that the company was able to pay back its federal loans five years ahead of schedule. The company has rolled out a new spot featuring none other than Chairman and CEO Ed Whitacre strolling through an assembly plant and addressing the American public. Whitacre even opens with the fact that he "can respect" the fact that many individuals didn't want the federal government to bailout the auto industry in the first place.

If you look close, you can spot a number of upcoming models in the background as GM's head honcho recaps some of the company's recent successes. Both the Cadillac CTS Coupe and the Chevrolet Cruze make an appearance. Whether or not this will help GM shed its unfortunate "Government Motors" nickname remains to be seen, but it certainly can't hurt. The company has an uphill battle with most buyers after infamously receiving billions of dollars from the government in an emergency effort to keep the company afloat. Hop the jump to see the spot for yourself.

[Source: GM via YouTube]