GM Posts losses but vows to pay back US early, reported by chartpoppers.com

(EMAILWIRE.COM, November 17, 2009 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company General Motors (Motor Liquidation, PK: MTLQQ)

The Consolidated Investment Analysis on General Motors will be in particular interest to other companys in the Auto Manufacturing sector, such as Ford Motor Company (NYSE: F), Honda Motor Company (NYSE: HMC) and Toyota Motor Company (NYSE: TN)

Motors Liquidation Company (PK:MTLQQ), and its subsidiaries completed the sale of substantially all of their assets to General Motors Company on July 10, 2009. Previously, the company was primarily engaged in the design, manufacture, and marketing of cars and light trucks worldwide. It was formerly known as General Motors Corporation and changed its name to Motors Liquidation Company in July 2009 in connection with the sale of substantially all of its assets pursuant to Section 363(b) of the Bankruptcy Code and the Bankruptcy Courts sale order dated July 5, 2009. The company was founded in 1908 and is headquartered in Detroit, Michigan. On June 1, 2009, General Motors Corporation, along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York.

Recent News on General Motors (Motor Liquidation, PK:MTLQQ)

General Motors Co said on Monday it lost $1.2 billion in a bankruptcy-shortened third quarter, but it vowed a quick repayment of $8 billion owed to the United States and Canada.
The results gave analysts and potential investors the first look at GM's books for the period from July 10, when the top U.S. automaker emerged from a fast-track sale out of a bankruptcy engineered and financed by the Obama administration, through the end of the third quarter.
Revenue for the entire third quarter dropped 26 percent to $28 billion.
Analysts said the results underscored the pressure facing the automaker even after a $50-billion financing package that has made the U.S. government a 61-percent owner.
"They are still on life support as a business and they are going to continue to be," said Mirko Mikelic, a portfolio manager at Fifth Third Bank in Grand Rapids, Michigan.
Chief Executive Fritz Henderson said the results showed GM has "significantly more work to do" despite topping its own targets for market share and sales as it came out of bankruptcy.

To view the Consolidated Investment Analysis on American International Group, Inc. (NYSE:AIG)Please visit the stock pulse page at www.chartpoppers.com

In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.

The full report is available at www.chartpoppers.com

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