Good News: GM Withdrawing Loan apps from Government

This is good news:

WASHINGTON (AP) — General Motors says it is withdrawing its application for $14.4 billion in federal government loans it had sought to help modernize plants to build fuel-efficient cars.

GM says it doesn’t need the loans now, because the company’s cash position has improved and it can pay for the improvements. GM applied for the loans in 2008 to modernize plants to build fuel-efficient vehicles.

The $25 billion low-interest loan program is administered by the Energy Department. It was created in a 2007 energy law to help car companies retool older factories to build green cars — GM withdrawing government loan application | The Daily Caller

But you should not expect to see this reported on any of the Conservative websites… Because it messes with that whole narrative thing. You know, the whole “American car companies suck and are controlled by the unions” talking point?

Anyways, it is good news; glad to see that we Americans are winning again. 😀