US automaker General Motors Co. said on Monday that it has lost US$1.15 billion since emerging from bankruptcy on July 10.

By announcing third-quarter results, GM gave the public its first comprehensive peek at the automaker's finances since it emerged from bankruptcy with about US$50 billion in federal aid.

The automaker posted a revenue of US$28 billion in the third quarter, up about 4.9 billion dollars compared to the second quarter, a boost credited to higher industry wide sales and stabilized market share in China, Brazil, India and Russia.

GM had US$3.3 billion of operating cash flow and US$42.6 billion in cash and other available assets. That amount included 17.4 billion dollars in US and Canadian aid held in escrow. The amount of US$42.6 billion is expected to decline substantially in the fourth quarter because US$8.1 billion are budgeted for future loan repayments, costs for funding parts supplier Delphi and other expenses.

GM said it will begin repaying its 6.7 billion in government loans, starting with a 1.2 billion payment on December 31. The company is required to repay the loans by July 2015 and will make payments of about US$1 billion every quarter.

Though GM is not considered a public company, the automaker agreed to release the quarterly results since the government holds a 60.8-percent stake in the automaker. The company said it will work to arrange a revolving line of credit next year to give the automaker more financial flexibility.

(Xinhua News Agency November 17, 2009)