Motors Liquidation reports $24.59 million September operating loss

By Caroline Salls

Pittsburgh, Nov. 12 - Motors Liquidation Co. (formerly General Motors Corp.) posted a $24.59 million operating loss for September on $2.04 million in rental income, according to its monthly operating report filed Thursday with the Securities and Exchange Commission.

In comparison, the company posted a $38.13 million operating loss for the period of July 10 to Aug. 31 on $3.68 million in rental income.

The net loss for September was $37.82 million, narrowing from a $62.84 million net loss for the previous period.

Motors Liquidation had $1.095 billion in cash and cash equivalents at Sept. 30, down from $1.14 billion at the end of August.

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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