Edward E. Whitacre Jr., the chairman of General Motors, said on Tuesday that the company was committed to pay back its government loans. However, he did not declare any specific time- limit for that.
During his speech at Texas Lutheran University, Mr. Whitacre said,
"There is a sense of urgency at G. M. to repay the money we owe as soon as possible."
But, Whitacre accepted that GM, which owes more than $50 billion to the government, would take a long time to regain its original shape.