How well is General Motors (GM) bouncing back- Says no to $14.4 billion loans?
Posted on January 28, 2011 at 06:24 AM EST
The automaker, General Motors Company (GM) withdrew its application for $14.4 billion in low-interest federal loans it had sought to help modernize plants to build fuel-efficient cars. GM says it doesn’t need the loans now because its cash position has improved and it can pay for the improvements. The decision was a marked contrast to [...]
