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reorganizing took just 40 days and g.m. got another infusion of taxpayer money this week, about $20 billion. this brings the total bailout to $50 billion. c.e.o. fritz henderson said he intends to pay it all back before the 2015 deadline. and to do it he s betting on a new business model and an old car model, an updated version of a classic chevrolet muscle car. from detroit tonight, here s dean reynolds. reporter: the leaders of a reborn general motors drove off in what they insist is a new direction today. today marks the beginning of a new company. reporter: the bankruptcy cut its debt from $180 billion to about $50 billion, largely at the expense of bondholders. and it cut hourly labor costs from $70 to $45. but it damaged g.m. s reputation and put 60% of the automaker in the hands of a potentially meddlesome federal government. its new government-imposed boss former at&t chairman ed whitacre admits he s never been a car guy. but he sees the ingredients for succes

United statesDistrict of columbiaSouth africaVanessa rossWyatt andrewsLisa wolfordAlyssa espositoDavid martinSteve hartmanLos angelesBob dolePatrick leahyBrett gardnerKathleen harrisFritz hendersonFrank ricci