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GM may repay some aid in '09

November 11, 2009|Times Wire Reports

General Motors Co. Chief Executive Fritz Henderson has the board's backing and the automaker may repay some of its $50 billion in U.S. bankruptcy aid this year, Chairman Ed Whitacre Jr. said in an interview with Bloomberg News.

"It's conceivable we could pay back some of the loans before the end of the year," he said. Whitacre declined to commit the company to an initial public offering next year.

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