General Motors Co., the successor to General Motors Corp., reported a third-quarter loss of $1.15 billion today, as government stimulus programs helped the automaker increase its sales and reduce its inventory, MarketWatch reported.

The company said it would begin paying its debt to the U.S. and Canada governments in December, ahead of schedule, thanks to improving global economic conditions and stabilizing industry sales.

GM emerged from bankruptcy early in July following a landmark — and controversial — bailout from Washington. The new company is considerably smaller, as it reduced structural costs through a string of layoffs and factory closings.

For the period running from July 10 through Sept. 30, GM reported a loss of $1.15 billion on net revenues of $26.35 billion. Last year, the successor company reported a loss of $2.6 billion for the full three months on net revenues of $37.8 billion. Adjusted operating cash flow for the July 10 – Sept. 30 period was $3.3 billion, compared to a negative cash flow of $3.6 billion in the second quarter of this year.

The favorable cash flow is not expected to continue in the fourth quarter, the company said.

GM projects it will accelerate payments on a $6.7 billion loan from the U.S. Treasury Department as well as the $1.4 billion loan from Canada’s export development agency. The loans should be paid off ahead of the scheduled July 2015 maturity date.