General Motors reports it lost approximately $1,500,000,000 in the third fiscal quarter of 2009.

CEO Fritz Henderson remained positive with the announcement, saying “today’s results provide evidence of the solid foundation we’re building for the new GM.”  Total revenue was up from the preceding quarter and Henderson also announced the company was ready to begin paying back taxpayer loans.

The dour financial news was met by word GM’s remaining US properties would be having a cross-brand sales event during the week.  How shoppers will respond to the bleak forecast remains to be seen.