The Facts on GM's recent Loan Repayment

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On Wednesday, April 21, 2010, GM Motor Company returned $4.7billion to the U.S government and $1.1 billion the Canadian and Ontario governments. The car company filed for bankruptcy protection last year in order to shed liabilities and focus on becoming more agile. Under the original repayment plan, the first payment was not due until July 2015. The U.S. Treasury, Export Development Canada and UAW still own a significant portion of General Motor’s equity, but the loan repayment is a key milestone. The repayments were a result of GM’s enhanced performance, with Mr. Whitacre, GM’s chairman, recently hinting that its first quarter-results would be “strong”. Over the past nine months, GM has invested $1.5B dollars in 20 facilities and created or restored 7,500 jobs in the US and Canada.

GM was able to payback the loan due to consumer’s response to recent product launches and the overall improvement of sales. Florida auto companies have seen a significant increase in sales with at least a 20% increase compared to last year. U.S. sales performance is tracking upward, indicating growing consumer receptivity to returning to GM showrooms. Make sure to visit your local GM Miami dealer to see what new vehicles are in store for you.

The Facts about GM’s recent Loan Repayment

On Wednesday, April 21, 2010, GM Motor Company returned $4.7billion to the U.S government and $1.1 billion the Canadian and Ontario governments. The car company filed for bankruptcy protection last year in order to shed liabilities and focus on becoming more agile. Under the original repayment plan, the first payment was not due until July 2015. The U.S. Treasury, Export Development Canada and UAW still own a significant portion of General Motor’s equity, but the loan repayment is a key milestone. The repayments were a result of GM's enhanced performance, with Mr. Whitacre, GM’s chairman, recently hinting that its first quarter-results would be "strong". Over the past nine months, GM has invested $1.5B dollars in 20 facilities and created or restored 7,500 jobs in the US and Canada.

GM was able to payback the loan due to consumer’s response to recent product launches and the overall improvement of sales. Florida auto companies have seen a significant increase in sales with at least a 20% increase compared to last year. U.S. sales performance is tracking upward, indicating growing consumer receptivity to returning to GM showrooms. Make sure to visit your local GM Miami dealer to see what new vehicles are in store for you. 

The GMC Sierra 1500 Z60 is the Miami Truck for You!

Lets face it, Miami isn’t the best city for off-roading. That is why the Sierra Z60 is the perfect vehicle for anyone living in Miami who likes to drive a powerful truck. The Sierra 1500 Pickup truck is capable of towing up to 10,700 lbs or hauling a payload up to 1,909 lbs. Some other pros that come with this powerful pick-up are a smooth and quiet ride, upscale interior and standard safety features. Antilock brakes (front disc, rear drum) are standard, with an all-disc setup available via the Max Trailering package on the Denali trim. A stability control system with roll-mitigating technology is also standard across the lineup, as are front-seat-mounted side airbags and side curtain airbags. In government crash tests, the 2010 GMC Sierra 1500 earns top five-star ratings for frontal collisions. Still not convinced? Visit your nearest GM Dealer in Miami to test drive the Sierra Z60.

What exactly is a Z-60 in the first place?

By now, you're probably wondering what all the talk about the Z60 is about, or you're probably wondering what Z60 even is in the first place. Quite simply, it means that your truck is ready to take on Miami driving.

When it comes to GMC trucks, five suspension setups are available: NHT is for maximum towing capacity and includes high-capacity rear springs, Z83 is the standard suspension and is designed for a smooth ride; Z85 is set up a little more firmly for better handling and towing; and Z71 is specially adjusted for off-road driving and includes 18-inch wheels.

This brings us to the Z60 suspension. The Z60 has been tuned for maximum street performance, and comes standard with 20 inch wheels. This means that the truck looks good and handles like a much smaller vehicle, which sounds as if it was suited for any Miami driver, especially since the majority of Miami pickup drivers don't regularly haul or tow large loads or drive off-road (if ever).

If the Z60 package sounds interesting to you, then you've come to the right place at the right time, because Brickell GMC is currently offering a special deal on all Z60 Sierras. Now, you can get a brand-new well-equipped Z60 for less than $400 per month. Or, if you would like to test drive a Z60 truck for yourself, why not visit Brickell GMC and take a test drive for yourself?