NEW YORK -- CNNMoney.com has reported that General Motors (GM) will begin in December paying back $1 billion of the $6.7 billion loan it received from the U.S. Treasury Department. GM said its financial results have improved enough that the automaker can begin paying back its debt sooner than expected.
While GM said increased cash flow left the automaker with $42.6 billion in cash at the end of the quarter -- part of which will be used to pay back the Treasury Dept. -- the company still reported a $1.2 billion loss between mid-July to the end of September.
