BBC News reports that General Motors (GM) has received another $2bn (£1.4bn) in loans from the US Treasury, it has been announced. The payment was made on Wednesday and provides working capital to the company, the Treasury said.
GM and fellow carmaker Chrysler have already received a combined $17.4bn in aid. No further funds have yet been made available to Chrysler.
GM has until 1 June to complete restructuring plans that satisfy the government's auto task force. Full story...
We are always looking for experienced writers who can write good original quality posts on motor-trade-insider.com. Please 