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]
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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.
