GM Looking To Future With New Investments

Automaker Repays Loan Money Ahead Of Schedule 

General Motors Chairman and CEO Ed Whitacre announced yesterday that GM has made its final payment of $5.8 billion back to the US Treasury and Export Development Canada.  This payment means GM has fully repaid the loan ahead of schedule. 

"GM's ability to pay back the loans ahead of schedule is a sign that our plan is working, and that we are on the right track," said Whitacre. "We still have much hard work ahead of us, but we are making progress toward our vision of designing, building, and selling the world's best vehicles.

Whitcare made the announcement yesterday in Kansas City, KS at a conference which also unveiled GM's plan to invest $257 million in their Fairfax, Kansas, and Detroit Hamtramck assembly centers. Both plants will produce the award winning Chevy Malibu, ensuring that Chevrolet meets market demand for this popular mid-size sedan.

"More customers are buying vehicles like the Chevrolet Malibu and Buick LaCrosse we build here in Fairfax," said Whitacre.

GM sales are on the rise across the board.  Sales for GM's four brands are up 36 percent through March versus the same period in 2009. 

In the first three months of this year, GM's U.S. dealers delivered more than 49,000 Malibus and 14,000 LaCrosses, representing a 58 percent increase over the same period last year.

In response to this strong demand, Fairfax in February added a third shift of approximately 1,050 jobs, bringing total employment at the plant to more than 3,800.

West Herr's GM locations are experiencing numbers in line with the national trends.  With the new Malbu cars coming out, it's also a fine time to be a Buffalo Chevy Dealer.  For more information on GM and Chevy in the Buffalo area visit:

Orchard Park Chevrolet

Chevy Hamburg

West Herr GM