GM Vows to Stick to U.S. Production Pledge

General Motors
General Motors

General Motors said it will stick to its pledge to keep certain levels of vehicle production in the United States until it has fully repaid the U.S. taxpayer.

GM had proposed making 1.8 million vehicles in the United States this year, with output increasing to 2.26 million vehicles in 2014, Bloomberg News reported. The company pledges to make at least 90% as many vehicles in the United States as planned, provided it is commercially reasonable.

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The U.S. taxpayer invested $49.5 billion in GM during the financial crisis. The company plans to go public again later this year.

The repayment condition was added Monday to GM's registration statement for the IPO.