GM Emerges From Bankruptcy

The head of the revamped General Motors says now that it's out of bankruptcy, the company will make money and repay government loans faster than required.

CEO Fritz Henderson says the new GM will also build more cars and trucks that consumers want and launch them faster than in the past. And he says as part of a new focus on customers, GM will team up with eBay to experiment with auctioning vehicles online.

Henderson says GM completed its 40-day stay under court supervision far faster than anyone thought it could. And he says it will repay about $50 billion in government loans ahead of a 2015 deadline.

The bulk of GM's assets have been transferred to a company controlled by the U.S. government. The new company is now free of its former debt and burdensome contracts, but it's still dealing with the worst sales slump in a quarter-century.