New GM stems losses

Herald Sun - Motoring - - Front Page -

GEN­ERAL Motors ex­pects to re­pay more than $1.5 bil­lion from its gov­ern­ment loans in the US af­ter a bet­ter than ex­pected turn­around since the cre­ation of New GM. Losses in the first three months of the new struc­ture were down to about a third of the pre­vi­ous level and to­tal rev­enue was up to more than $30 bil­lion in the third quar­ter this year.

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