GM To Begin Paying $6.7 Billion In Loans Ahead Of Schedule

The "New" GM will try to play the Lee Iacocca PR card by repaying $6.7 billion — of a total of $50 billion in government loans — ahead of the scheduled repayment date of July, 2015.

Keep in mind that although a move like this would suggest GM's now a fiscally stronger company, it's not expected to show a profit when financial results are reported on Monday.

In its last quarterly earnings report, in May, the company said its had lost $6 billion and had used $10.2 billion more in cash than it generated from operations. One would assume they'll have to show numbers a bit better than that. We guess we'll have to wait and see whether this early repayment is a financial victory or a pyrrhic one.