Detroit, Michigan – General Motors will draw an additional US$4 billion in U.S. Treasury loans to maintain adequate liquidity through its restructuring. The loan draw is higher than the amount the company forecast in its April 27, 2009 filing; the company said the amount reflects updated timing of when certain expenses would be incurred.

To date, General Motors has received $19.4 billion in U.S. Treasury funding.

In a statement, GM said that it will continue to work closely with members of the President’s Auto Task Force and will continue to monitor its liquidity needs during the period of restructuring.

 

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