STEVE INSKEEP, host: NPR's business news starts with a financial report card from the new GM.</s>STEVE INSKEEP, host: General Motors says it's not losing money quite so rapidly as it once was. GM says it lost nearly $1.2 billion in just under three months after emerging from bankruptcy over the summer. Apparently, that's not considered such bad news. It's a smaller loss than in previous quarters.</s>STEVE INSKEEP, host: In a statement, GM president/CEO Fritz Henderson says, quote, "We have significantly more work to do. But today's results provide evidence of the solid foundation we're building," unquote. The company also said it's going to begin repaying billions of dollars in bailout loans at the end of this year. That is several years earlier than the previous plan.
General Motors' latest earnings report shows the automaker lost $1.2 billion from the time it left bankruptcy protection through Sept. 30. The loss is smaller than in previous quarters. GM also said it will begin repaying $6.7 billion in government loans next month. That's several years earlier than the previous plan.