GM reports $2.5B 3Q loss, says running out of cash - WKOW 27: Madison, WI Breaking News, Weather and Sports

GM reports $2.5B 3Q loss, says running out of cash

DETROIT, Mich. (AP) -- General Motors Corp. says it lost $2.5 billion in the third quarter and warned that it could run out of cash in 2009.

  GM also said it has suspended talks to acquire Chrysler.

  The automaker also said its cash burn for the quarter accelerated to $6.9 billion due to a severe U.S. auto sales slump.

  The company on Friday reported a net loss of $4.45 per share during the quarter, compared with a record-setting loss of $42.5 billion, or $75.12 per share, a year ago.

  Revenue fell to $37.9 billion from $43.7 billion.

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