Taxpayers Federation Says GM Owes Taxpayers $195 Million for 2005 Government Loan

Taxpayers Federation Says GM Owes Taxpayers $195 Million for 2005 Government Loan
The General Motors assembly plant in Oshawa, Ontario, Canada on Nov. 26, 2018. Carlos Osorio/Reuters
|Updated:
0:00

General Motors (GM) still owes the Canadian government $195 million for a 2005 subsidy made in the Oshawa Car Assembly plant, according to the Canadian Taxpayers Federation.

In a news release issued by the federal government on March 2, 2005, it was made plain that the money supplied to GM at the time was considered a repayable contribution by the government.