GM Posts $5.9 Billion Quarterly Loss

General Motors Corp., facing a government-imposed June 1 bankruptcy deadline, posted a $5.9 billion loss for its first quarter, as sales fell almost in half, Bloomberg reported.

Excluding some costs, the first-quarter loss was $9.66 a share, GM said Thursday.

First-quarter output plunged by 903,000 vehicles from a year earlier, and revenue fell 47% to $22.4 billion, Bloomberg said.

Before the first quarter results were reported, GM had lost a total of $82 billion since 2004, its last profitable year, Bloomberg said.