GM borrows another $4 billion from Treasury

DETROIT (Reuters) - General Motors Corp on Friday said it had borrowed another $4 billion from the U.S. Treasury, taking its total federal funding to $19.4 billion.

In a filing with the U.S. Securities and Exchange Commission, GM also said it expected to need another $7.6 billion from the U.S. Treasury after June 1.

GM did not detail its plans for the additional loans but said it had provided a statement on its intended use of the funds to U.S. Treasury officials who approved the funding.