WASHINGTON: General Motors on Monday announced a loss of 1.15 billion dollars since emerging from bankruptcy in July, but said it would step up repayments to the US and Canadian governments of bailout aid.

The number one US automaker said it would accelerate repayments to the US and Canada "in light of improving global economic conditions, stabilizing industry sales and its healthier cash position.

GM owes 6.7 billion dollars to the US Treasury and 1.4 billion US dollars to Canada for aid from the governments to help the company emerge as a new entity from bankruptcy.

"GM plans to repay the United States, Canadian and Ontario government loans in quarterly installments from escrowed funds, beginning next month with an initial 1.2 billion dollar payment to be made in December followed by quarterly payments," the company said in a statement releasing preliminary financial results.