GM loses $1.2B last quarter, ready to start repaying loans

Filed under: Government/Legal , Earnings/Financials This is one of the trickier press releases we’ve ever had to parse, but here goes. Despite losing $1.15 billion in the third quarter of 2009, General Motors sees this as a “solid foundation.” GM President and CEO Fritz Henderson continues, “With a healthier balance sheet and a competitive cost structure, our focus is on driving top line performance. We’ll achieve that by winning …

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Topics: generalmotors, fritz-henderson, fritzhenderson, newgm

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