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Former GM posts $38.13 million operating loss for July 10 to Aug. 31
By Caroline Salls
Pittsburgh, Nov. 2 - Motors Liquidation Co., formerly General Motors Corp., posted a $38.13 million operating loss for the period of July 10 to Aug. 31 on $3.68 million in rental income, according to its monthly operating report filed Monday with the Securities and Exchange Commission.
The net loss for the period was $62.84 million.
The company had $1.14 billion in cash and cash equivalents at Aug. 31.
GM, a Detroit-based automaker, filed for bankruptcy on June 1 in the U.S. Bankruptcy Court for the Southern District of New York. The new General Motors Corp. emerged from Chapter 11 on July 10, and Motors Liquidation's Chapter 11 case number is 09-50026.
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