Top new models for SA

From Renault's new Alaskan bakkie to the latest models at the Frankfurt motor show bound for SA.

Electric cars in SA

The debate on whether or not Electric Vehicles (EV) are viable in South Africa rages on.

GM dips into US govt coffers again

2009-05-23 15:16
General Motors Corp. says it has borrowed an additional $4 billion from the US government.

GM had already borrowed $15.4 billion and previously said it would need to borrow an additional $2.6 billion more by June 1. But in a regulatory filing Friday, GM says it needs an extra $1.4 billion before that date.

The company borrowed the additional money Friday.

Because it is borrowing more money now, GM says it now will need $7.6 billion in loans after June 1, instead of $9 billion.

Friday's loan instalment means GM has now borrowed $19.4 billion from the Treasury Department.



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