GM paid $1 Billion back in December and plans to have the outstanding debt repaid by June of this year. I agree that in GM’s case at least, the government stands to make a profit ultimately when they sell their equity as well.
I don’t have any problem with the banks sharing some of the burden taken on for the auto companies bailout. The financial collapse and credit market freeze was part of why it was needed in the first place. Not the only factor certainly, but a contributing one.