UPDATE 1-GE denies withdrawing GM loan facility

Newswire

(Adds details, GM quotes, changes dateline, previous NEW YORK) DETROIT, March 22 (Reuters) - General Electric Co. on Tuesday said it had not withdrawn a $2 billion loan facility from General Motors Corp. , but it will stop funding a program that sends early payments to the automaker's suppliers. GE and GM said in a joint statement that GE Commercial Finance will continue to fund the program, which makes payments to GM suppliers ahead of the due date, while it transitions to financing ...

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