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General Motors withdraws $14.4B federal loan request

loki
in General Motors

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http://www.autoblog.com/2011/01/27/general-motors-withdraws-14-4b-loan-request-from-doe/

GM's chief financial officer Chris Liddel, outlined the automaker's choice to cancel its loan request, stating:

This decision is based on our confidence in GM's overall progress and strong, global business performance. Withdrawing our DOE loan application is consistent with our goal to carry minimal debt on our balance sheet.

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    booyah.gif

    So true Dave.... less is best.

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