Positive signs for automaker General Motors - KSLA News 12 Shreveport, Louisiana News Weather & Sports

Positive signs for automaker General Motors

DETROIT (AP) - General Motors says it lost $1.2 billion dollars since emerging from bankruptcy protection. That's far better than reporting in previous quarters and a sign that the auto giant is starting to turn around its business. The company also said it will begin repaying $6.7 billion in U.S. government loans with a $1.2 billion payment in December. It plans to repay the debt over the next eight quarters, but could pay it back as early as next year. The money will come from funds loaned by the government.

GM said its improved performance was fueled by new products including the Chevrolet Camaro muscle car, and the Chevrolet Equinox and GMC Terrain midsize crossover vehicles. The company's top sellers through October were the Chevrolet Silverado pickup truck and Impala full-size car.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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