GM CEO Fritz Henderson Holds Press Conference On Q3 Earnings

Fritz Henderson, Chief Executive Officer of General Motors, holds a press conference to give GM's first post-bankruptcy financial report at GM headquarters November 16, 2009 in Detroit, Michigan. Henderson discussed GM's 3rd quarter earnings, posting a $1.2 billion USD net loss for the three months to September but said GM will start the repayment of the $6.7 billion USD in US Government loans early, beginning in December with its first payment of $1.2 billion USD. GM which pulled out of the planned sale of its European unit Opel, including Vauxhall, to Magna, the Canadian car parts maker said it had already repaid 500 Million Euro of the 900 Million Euro German state bridging loan and is set to repay the rest by the end of the month.
Fritz Henderson, Chief Executive Officer of General Motors, holds a press conference to give GM's first post-bankruptcy financial report at GM headquarters November 16, 2009 in Detroit, Michigan. Henderson discussed GM's 3rd quarter earnings, posting a $1.2 billion USD net loss for the three months to September but said GM will start the repayment of the $6.7 billion USD in US Government loans early, beginning in December with its first payment of $1.2 billion USD. GM which pulled out of the planned sale of its European unit Opel, including Vauxhall, to Magna, the Canadian car parts maker said it had already repaid 500 Million Euro of the 900 Million Euro German state bridging loan and is set to repay the rest by the end of the month.
( - Photo by Bill Pugliano/Getty Images North America)
Fritz Henderson, Chief Executive Officer of General Motors, holds a press conference to give GM's first post-bankruptcy financial report at GM headquarters November 16, 2009 in Detroit, Michigan. Henderson discussed GM's 3rd quarter earnings, posting a $1.2 billion USD net loss for the three months to September but said GM will start the repayment of the $6.7 billion USD in US Government loans early, beginning in December with its first payment of $1.2 billion USD. GM which pulled out of the planned sale of its European unit Opel, including Vauxhall, to Magna, the Canadian car parts maker said it had already repaid 500 Million Euro of the 900 Million Euro German state bridging loan and is set to repay the rest by the end of the month. Fritz Henderson, Chief Executive Officer of General Motors, holds a press conference to give GM's first post-bankruptcy financial report at GM headquarters November 16, 2009 in Detroit, Michigan. Henderson discussed GM's 3rd quarter earnings, posting a $1.2 billion USD net loss for the three months to September but said GM will start the repayment of the $6.7 billion USD in US Government loans early, beginning in December with its first payment of $1.2 billion USD. GM which pulled out of the planned sale of its European unit Opel, including Vauxhall, to Magna, the Canadian car parts maker said it had already repaid 500 Million Euro of the 900 Million Euro German state bridging loan and is set to repay the rest by the end of the month. Fritz Henderson, Chief Executive Officer of General Motors, holds a press conference to give GM's first post-bankruptcy financial report at GM headquarters November 16, 2009 in Detroit, Michigan. Henderson discussed GM's 3rd quarter earnings, posting a $1.2 billion USD net loss for the three months to September but said GM will start the repayment of the $6.7 billion USD in US Government loans early, beginning in December with its first payment of $1.2 billion USD. GM which pulled out of the planned sale of its European unit Opel, including Vauxhall, to Magna, the Canadian car parts maker said it had already repaid 500 Million Euro of the 900 Million Euro German state bridging loan and is set to repay the rest by the end of the month. Fritz Henderson, Chief Executive Officer of General Motors, holds a press conference to give GM's first post-bankruptcy financial report at GM headquarters November 16, 2009 in Detroit, Michigan. Henderson discussed GM's 3rd quarter earnings, posting a $1.2 billion USD net loss for the three months to September but said GM will start the repayment of the $6.7 billion USD in US Government loans early, beginning in December with its first payment of $1.2 billion USD. GM which pulled out of the planned sale of its European unit Opel, including Vauxhall, to Magna, the Canadian car parts maker said it had already repaid 500 Million Euro of the 900 Million Euro German state bridging loan and is set to repay the rest by the end of the month.
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