General Motors CEO Ed Whitacre to announce GM will pay off $5.8-billion in government loans early

General Motors CEO Ed Whitacre is scheduled to be in Kansas City on Wednesday, April 14, to announce that GM will pay off $5.8-billion in U.S. and Canadian government loans well in advance of the June 30 deadline.

This is a big announcement, folks. Right now, the U.S. government owns 60.1% of GM. It is easy to see the influence of the majority owner by things like the shuttering of the historic and highly regarded Pontiac division, the highly confusing and disturbing closure of 1,100 dealership franchises, and the replacement and shuffling of top GM executives.

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