Never Mind: GE Denies Withdrawing GM Loan Facility- Although They Said They Would- Huh?t

NEW YORK, March 22, 2005; Reuters reported that General Electric Co. said it had not withdrawn a $2 billion loan facility from General Motors Corp., but that it had told the automaker last year it would exit the trade payables business.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