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GM Withdraws Request for $14 Billion in U.S. Loans » DCAutoShowWelburnKeynote02.jpg

GM is in much better shape, says design chief Welburn.

GM is in much better shape, says design chief Welburn.

General Motors Vice President Global Design Ed Welburn delivers the keynote address to begin the Washington D.C. Auto Show Thursday, January 27, 2011 in Washington, D.C. Welburn said GM is withdrawing its application for Department of Energy low-interest loans to develop future advanced technology vehicles. – a move consistent with GM’s goal to have minimal debt on its balance sheet, and will not affect GM’s aggressive investment in new products and technology. (Photo by Mark Finkenstaedt for General Motors)


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