MEMO - M EM O R A N D U M to Ed Whitacre CEO FROM MARKETING...

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MEMORANDUM to: Ed Whitacre, CEO FROM: MARKETING EXECUTIVE SUBJECT: CLAIMS OF BAIL OUT PAID DATE: On April 21, 2010 a press release from General Motors stated that all debts have been repaid to  the U.S. and Canadian governments.  This campaign has also been used in a commercial aired on  television by General Motors.  This campaign stated that, “General Motors has repaid, in full and with interest, the loans made  last July by the U.S. Treasury and Export Development Canada.”  This statement is inaccurate, as  the amount paid back, “in full with interest,” came to the sum of 6.7 Billion Dollars.  The total  amount General Motors received totaled 50 Billion Dollars. I understand that we have lost customers due to financial assistance from the treasury, however I 
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