GM repays another billion of its debt
Filed under: GM, Earnings/Financials, South Korea
General Motors continues to clean up its ledger book, and the latest transaction has GM wiping $1 billion off the table. In Korea, the GM Daewoo Auto & Technology subsidiary, otherwise known as GM Daewoo, plans to pay back the 10-figure debt it owes to its Korean revolving credit facility. The debt will be paid in full by the end of this month. Perhaps a commercial thanking the Korean credit market is in order?
[Source: General Motors]
Continue reading GM repays another billion of its debt
GM repays another billion of its debt originally appeared on Autoblog on Wed, 01 Dec 2010 18:15:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
View full post on Autoblog
Related posts:
- Report: Ford cuts debt by $4B with cold, hard cash
- Tata out to raise $1 billion to reduce debt and expand JLR product line
- General Motors reports $1.3 billion profit in second quarter
- GM to buy back $2.1 billion of Preferred Stock, improve financial position
- General Motors announces Q3 profit of $1.96 billion ahead of IPO
