Excerpt
Move is seen as important step for company to go public again
General Motors Co. is repaying its remaining $5.8 billion in bailout loans to U.S. and Canadian taxpayers two months ahead of schedule.
It's another promising milestone for post-bankruptcy GM, which last month reported better-than-expected earnings for the last quarter of 2009.
GM Chairman and CEO Edward Whitacre Jr. will make the official announcement Wednesday at at the automaker's Fairfax plant in Kansas City, Kan., two people briefed on the plans said Monday. The actual payment could be made as early as today.
The Detroit-based automaker also will announce a new investment at the Kansas plant, which could include adding jobs, a person familiar with the matter said.
The final loan repayment will total $4.7 billion to U.S. taxpayers and about $1.1 billion to the governments of Canada and Ontario.
"Go public again" = no government stake/ownership
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