Automaker General Motors Co. (MTLQQ.PK) will begin paying back its debt to the United States and Canadian governments earlier than expected, reports said, citing person familiar with the company's plans.
GM reportedly plans to make first payment of about $1 billion at the end of the December. G.M.'s board approved the repayment to the government, reports noted, after discussions with the Treasury Department.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.