GE denies withdrawing GM loan facility

Newswire

NEW YORK, March 22 (Reuters) - General Electric Co. on Tuesday said it had not withdrawn a $2 billion loan facility from General Motors Corp. , but that it had told the automaker last year it would exit the trade payables business. GE and GM said in a joint statement that GE Commercial Finance will continue to fund the program, which makes payments to GM suppliers, while it transitions to financing from GM's unit GMAC Commercial Finance.

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