The auto company would have to bounce back to sustained profits before the US government would get any money back.
But US automakers did better than expected while Japanese brands did worse.
Cabinet members are touring auto country to offer the administration's support. Michigan stands to be hit hardest by GM's bankruptcy plans.
The Willow Run Transmission plant in Michigan will close in late 2010, bringing uncertainty to the people and the places that built their lives around America's largest automaker.
Is the automaker, an icon of brawny American capitalism, among the first to confront an 'era of diminishing expectations'?
The impact will spread beyond the industrial Midwest to employees in states like Florida, Delaware, and Virginia.
The automaker got key concessions from bondholders this weekend to help smooth bankruptcy proceedings, which are expected to begin Monday.
Henry Ford was the very image of the America of his day: idealistic and far too self-assured.
The Obama team is helping to push the automaker's debt holders, unions, and executives toward tough choices, but the risks of intervention are many.