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US Treasury Lends US$2 Bln to General Motors

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US Treasury Department said on Friday that it has lends another US$2 billion to the struggling General Motors.

US media reported on Tuesday that the government this week is likely to give GM US$2 billion of the up to US$5 billion that it was prepared to give to GM.

The loan pushes the total amount of GM's government aid to US$15.4 billion after the company said it would need more money to survive.

Meanwhile, the Treasury said that four banks have returned a total of US$569.2 million in Troubled Asset Relief Program funds to the government.

(Xinhua News Agency April 25, 2009)

 

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