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GM (Government Motors) Shows $1.2 BIllion Loss!

DETROIT – General Motors, its river of red ink stemmed by a trip through bankruptcy court, reported a narrower quarterly loss and said it would start repaying billions of dollars in government loans that helped keep it alive.

GM lost $1.2 billion for the third quarter — far less than the $6 billion it lost in the first three months of the year, before GM was transformed by a stay in Chapter 11. The company credited a sharp reduction in debt and sales of new models.  MORE>>>>>>>>>