General Motors has lost $6 billion in the first quarter. The first-quarter loss, equal to $9.78 per share, is the eighth consecutive quarterly loss for G.M. A year ago, the company lost $3.3 billion, or $5.80 a share. Excluding special items, G.M. lost $5.9 billion, or $9.66 a share, which is better than the $6.7 billion that analysts were expecting the company to lose. Revenue fell 47 percent to $22.4 billion due to a 40 percent drop in global sales during the quarter. GM has depleted $10.2 billion from its cash reserves in the quarter, or $113 million a day, leaving the company with $11.6 billion as of March 31. That is roughly the minimum amount of liquidity needed to keep G.M. in business.
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