Tuesday, November 17, 2009
General Motors' announcement that it is going to pay back part of a Government loan that it doesn't need is smart PR. It telegraphs that the company isn't as badly off as people think. It shows GM is being a good citizen by returning funds to the citizenry. It validates progress toward the goal of leaving government protection altogether in the future. It is positive news for a company that hasn't had any for a long time. The news offsets the company's loss during the last quarter. One hopes that more good news comes from the company in the near future.