General Motors (GM +0.8%) drops a request for $14.4B in loans from the Energy Department...

|About: General Motors Company (GM)|By:, SA News Editor

General Motors (GM +0.8%) drops a request for $14.4B in loans from the Energy Department designed to retool for fuel efficiency, "consistent with our goal to carry minimal debt on our balance sheet." The automaker says strong progress means this won't slow down its new technologies, and has more than $20B in liquidity on the balance sheet.