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GM Says Carmaking Pledge Runs to 2014 or U.S. Repaid

General Motors Co. said its pledge to maintain certain levels of vehicle production in the U.S. remains in effect through 2014 or until the government has recovered all $49.5 billion it invested in the automaker.

GM had proposed making 1.8 million cars and trucks in the U.S. this year with output rising to 2.26 million in 2014. It pledges to make at least 90 percent as many vehicles in the U.S. as planned as long as it is commercially reasonable. The repayment condition was added to GM’s registration statement for an initial stock offering in an amendment today.