GM looks to secure 1st portion of government aid
General Motors Corp. is days away from securing its first installment of federal aid, money desperately needed to continue operations and pay suppliers as it burns through millions daily and runs the risk of being unable to make a significant supplier payment in early January. GM said Dec. 29 it is in the process of finalizing a loan agreement for $4 billion, the first portion of $9.4 billion in low-cost loans that GM is expected to receive this month and next from the government. The cash-st
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Tags: Government, January, Loan, Money