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The title of GM down 15%

General Motors reported Friday a net loss of U.S. $ 2.5 billion in the third quarter and warned that it could run out of money in 2009. Largest automaker in North America has also indicated that negotiations for acquisition of Chrysler had been suspended to focus on its immediate financial problems.

GM had to draw U.S. $ 6.9 billion in its coffers during the quarter due to the severe slowdown in auto sales in the United States.

The company has state of Detroit a quarterly revenue of U.S. $ 37.9 billion, compared to U.S. $ 43.7 billion during the same period a year earlier.

The loss per share amounted to U.S. $ 4.45. Last year in the same quarter, the loss of GM had reached U.S. $ 42.5 billion, or U.S. $ 75.12 per share, boosted by expenses and depreciations.

The results of the most recent quarter included charges of $ 1.5 billion related to the program of currency hedging, and GM says to expect that the U.S. market idles for the remainder of the year and that in 2009.

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