General Motors Reports $2.5 Billion Loss in Q3

Nov. 7, 2008
Company says it has gone through $6.9 billion in cash

General Motors, the biggest U.S. automaker, said on Nov. 7 that its net loss in the third quarter was $2.5 billion and it had burned through another $6.9 billion in cash.

Shares in the group, which had been suspended, fell 10% when they resumed trading.

The group reported an adjusted loss per share of $7.35 , which was nearly double market expectations. Net profit per share including special items was $4.4.

Copyright Agence France-Presse, 2008

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