General MotorsGeneral Motors said it will stick to its pledge to keep certain levels of vehicle production in the United States until it has fully repaid the U.S. taxpayer.

GM had proposed making 1.8 million vehicles in the United States this year, with output increasing to 2.26 million vehicles in 2014, Bloomberg News reported. The company pledges to make at least 90% as many vehicles in the United States as planned, provided it is commercially reasonable.

The U.S. taxpayer invested $49.5 billion in GM during the financial crisis. The company plans to go public again later this year.

The repayment condition was added Monday to GM's registration statement for the IPO.

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teechman531

Wow! Nine comments and no one has spewed the garbage about Obama motors, socialism, the evil UAW and the rest of the GOP/Glenn Beck kool-aid. GM is doing great and they will pay back the taxpayers at a profit. Thank God for this president and the way that he saved about 3 million American jobs.

October 29 2010 at 2:30 PM Report abuse +1 rate up rate down Reply
richard

xjug,1987, you don`t think Japan would have saved Toyota or Honda, if they were in trouble? Let me explain something to you. It is important to have a manufacturing base in this country, that pay good wages and health benefits. What`s pathetic, is Asian sympathizers like you, who have done more to destroy the economy of this country than most other factors combined.

October 28 2010 at 8:42 AM Report abuse +2 rate up rate down Reply
1 reply to richard's comment
hchevy

Asian sympathizers is how toyota and honda got to where they are today. As far as I'm concerned, two bombs weren't enough.

October 28 2010 at 9:50 AM Report abuse +2 rate up rate down Reply
jkennedy806

Or until the Repbulican's get in, and give gM amnesty. does that mean everyone in the US gets a new car compliments of gM? I bet that GM 's PAC is supporting a republican candidate. and I further bet that once in Congress, like it or not, everything will be forgiven.

October 26 2010 at 11:18 AM Report abuse rate up rate down Reply
1 reply to jkennedy806's comment
teechman531

Don't give the two-bit GOP thugs credit. They wanted to flush GM an Chrysler along with about 3 million total jobs

October 29 2010 at 2:10 PM Report abuse rate up rate down Reply
strangersat

GM must must make it for any one to have a chance to get any money back in bankruptcy they would have got nothing either dont be a fool leave politcs out of it

October 26 2010 at 10:49 AM Report abuse +1 rate up rate down Reply
xjug1987

The American Taxpayer doesn't care how many cars are made in the us we want our money back, and the Unions out. The Socialists in the Govt illegally stopped GM from entering CH11 bankruptcy (with Govt guarantees)and instead siezed the company, cheated the bondholders and investors, gave the unions payoffs, illegally fired CEO's, and now "controls" a portion of American Mfg. This is all illegal. The next President needs to seize all the assets of the unions, take back all the taxpayers money, put GM back through CH11 and end all the contracts that got GM into this trouble. When Toyota or any other "transplant" builds a car in America, its with out the union boat anchors. They build a car for $20K and make $5k, GM builds a car for $20K and makes $500.00, and the car isn't competitive, this is why GM was doomed. So it concentrated on Trucks because it could make good $$ there, and that is how we got here. Govt regulations and intervention, not to mention TAXES, and UNION THUGGERY. Period. Its pathetic to watch a once great company flail as it has been and is, due to unnecessary issues. The Germans don't treat their car companies or mfg like this, they have pride and want Germany to be a global center for mfg expertise. But our politicians hate business, and ingenuity, and so much more, in their arrogant lust for power. Enough, November 2 2010 and 2012 can't come quick enough.

October 26 2010 at 8:10 AM Report abuse -3 rate up rate down Reply
1 reply to xjug1987's comment
teechman531

You must be a millionaire or hate the American middle class. This is the only industrialized country in the world where workers are so poorly treated. If Toyota is making that much on a car it is because they are short changing their workers. I am a NYC school teacher that works hard a makes in excess of 100K a year with great benefits. I don't understand why you don't feel like you are entitled to a good life. I feel sorry for you.

October 29 2010 at 2:26 PM Report abuse rate up rate down Reply