Advert: GM Repays Government Loans0
General Motors is at it again, this time running an ad that highlights the company’s repayment of loans to the U.S. and Canadian governments. As some of you may know by now, certain media outlets (read: Fox) have come to criticize this particular minute-long clip, saying that The General used TARP funds to pay off the debts.
While this may indeed be so, the GM Authority team is of the opinion that such elucidations are story-baiting, plain and simple. The fact of the matter is that GM’s balance sheet currently has a big fat zero next to the Liabilities to U.S. and Canadian Governments line, with the federal governments’ $50 billion in TARP funds having been converted to an equity stake.
PS: But are we the only ones who find the lack of easter eggs in this commercial a bit boring? C’mon GM, how about those in-ad spy pics?
Watch the ad in its glory after the jump.
- Sweepstakes Of The Month: Win a 2023 Corvette Z06 Convertible. Details here.