GM To Repay Federal Loans

By Scott Sarvay

June 18, 2010 Updated Apr 8, 2010 at 12:15 PM EDT

DETROIT (Indiana's NewsCenter) - General Motors plans to pay off its government loans by June a full five years ahead of schedule.

As a result the Detroit-based automaker could see a profit as early as this year.

The government loaned GM $6.7 billion last year.

By the end of last month, GM had paid pack $2.4 billion.

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