When Will GM Pay Back Its Bailout?
The U.S. government's bailout of General Motors was wildly unpopular in some circles, but there's no doubt that it worked. GM is now solidly profitable, its cars have improved, and it has created 23,000 new U.S. jobs since exiting bankruptcy in 2009 -- with many more on the way.
But one question still lingers: When will GM pay taxpayers back? In this video, Fool.com contributor John Rosevear looks at the state of GM's efforts to pay back its $49.5 billion bailout -- and at how much more GM will have to do to make taxpayers whole.
The best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.
The article When Will GM Pay Back Its Bailout? originally appeared on Fool.com.Motley Fool contributor John Rosevear owns shares of Ford and General Motors. Follow him on Twitter at@jrosevear. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.