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GM posts loss of $1.2B

<b>DETROIT. </b>General Motors Co. said yesterday it lost $1.2billion in a bankruptcy-shortened third quarter, but it vowed a quickrepayment of $8 billion owed to the United States and Canada.

DETROIT. General Motors Co. said yesterday 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. Revenue for the entire third quarter dropped 26 percent to $28 billion.