Further evidence today of General Motor’s resuscitation in the report by The Wall Street Journal’s Sharon Terlep, who writes that GM is planning to accelerate the repayment of $4.7 billion in government loans, which was originally expected by the end of June. Terlep cites a “person familiar.”
GM CEO and chair Ed Whitacre is expected to make the announcement on Wednesday.
Barron’s Andrew Bary wrote a bullish piece on General Motors in the magazine last month, writing that the rebound looks real this time. The stock does not trade but it’s possible there’ll be an IPO later this year, Andrew has pointed out.
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