Honk if you don't need $2 billion: GM 'does not need March funding'

By GottaLaff

Hey, if GM doesn't need the $2 billion, I'll take it:

US carmaker General Motors has said it will not need the $2bn (£1.45bn) of funding it had previously requested for March from the government.

GM said the development reflected the acceleration of its efforts to cut costs. It had delayed spending planned for January and February, it added.

GM has already received $13.4bn in aid, and has requested another $16.6bn. [...]

GM said the $2bn requested for March would not be needed "at this time".

However, it did not indicate whether it would need the funds at a later date or if it planned to change its request for the $16.6bn asked for last month.