GM?s second response after receiving the first $?s from the federal bridge
In a short note released this morning, GM said, ?Thank you? to the current administration with regards to the Bailout Loan program. GM has received the first tranche of $4B from the Federal Government and we look forward to working with the government on all elements of the loan agreement and our viability plan. We appreciate the Administration extending a financial bridge to GM at this critical time for the U.S. auto industry.