Save a major US manufacture and 10's of thousands... if you count related businesses 100's of thousands of American jobs. I LOVE AMERICA!!! GM Plans to Pay Back $6.7B Loan By Joseph Woelfel 11/16/09 DETROIT -- General Motors plans to begin paying back a $6.7 billion loan it owes the U.S. government starting late this year and could repay the entire loan by the middle of 2011, according to published reports. The U.S. automaker is expected to announce the repayment play Monday when it releases its preliminary third-quarter earnings, AP and the Wall Street Journal report. Under the plan to pay back the $6.7 billion, GM will make quarterly payments of $1 billion to the U.S. government and $200 million to the Canadian government beginning in late 2009. GM would be on track to pay off the $6.7 billion U.S. debt and a $1.4 billion debt to Canada by the middle of 2011, ahead of a mid-2015 deadline to repay the U.S. and Canadian governments, AP reports. GM is able to make the payments ahead of schedule because it performed better than expected during its 40-day stay in bankruptcy and the company's sales and overall performance since then have been modestly better than expected, AP says, citing a person familiar with the matter.