GM would pay its debt this week

The American manufacturer is expected to announce Wednesday a plan for early repayment of its outstanding debt, it must always states U.S. and Canada. The 4.7 billion dollars could be settled this week, instead of June initially raised by the company, according to information from the Wall Street Journal.

Edward Whitacre, CEO of General Motors (GM), has made debt repayment a central tenet of its strategy to recapture the American consumer after the bankruptcy of the manufacturer last year.Following the rescue of Washington, which had injected nearly $ 50 billion in total, though the company had until 2015 to meet its debt by $ 6.7 billion in cash, the rest being paid in share capital.

The rival Ford, which did not require such a rescue has benefited greatly from its game in recent months, with sales up 38% in March, year on year. GM lost 4.3 billion dollars over the first half of 2009, but Edward Whitacre expects the results "solid" for the first three of the year. The figures will be published next month.

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