US automaker General Motors Co. will report third-quarter results early next week, giving the public its first financial report since it emerged from bankruptcy court July 10 with about US$50 billion in federal aid.

According to a Detroit News report, GM President and CEO Fritz Henderson is scheduled to host a news conference on Nov. 16 at the Renaissance Center in the auto city of Detroit.

In September, the independent Congressional Oversight Panel said GM and Chrysler Group LLC, which also received federal aid, should start filing the same quarterly financial reports that public companies are required to file with the US Securities and Exchange Commission.

There have been brief glimpses into GM's financial health in recent weeks.

Last week, GM said it had spent 6.5 billion dollars paying off obligations related to Delphi Corp.'s exit from bankruptcy, funding pension plans and buying shares in a Canadian subsidiary.

In a regulatory filing, GM disclosed it had US$16.4 billion in unused government loans after it emerged from bankruptcy last summer.

But GM didn't reveal how much remained in the escrow account. The US government, which holds a 60.8 percent stake in GM, must approve withdrawals from the fund.

(Xinhua News Agency November 12, 2009)