General Motors Chairman and CEO Ed Whitacre promised Monday that taxpayers will make a profit on the $50 billion that Treasury has sunk into the company over the past 13 months.
“I think the government’s investment is well placed and I think they’ll make a lot of money,” Whitacre told reporters after an event at the annual auto show here Monday morning. “It won’t be too long.”
The promise of profits on the investment, which was echoed by GM Vice Chairman Bob Lutz in an interview with CNNMoney.com Monday, is quite a bit more bullish than any previous forecast made by a GM executive.
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Article courtesy cnn.com
