Beyond The Broken Spectrum

General Motors says it’s going to start early repayment of the company’s bailout debt.  The automaker owes 8.1-billion dollars to the U.S. and Canadian governments.  GM expects to pay back the debt by the end of 2011 and might even move faster.   Repayments will begin next month.

The company also announced it lost 1.2-billion dollars in the third quarter of 2009.  This is the first quarterly financial result for General Motors since it emerged from bankruptcy earlier this year.

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