Tuesday, February 17, 2009

Here Comes Detroit, Again



General Motors Corp. and Chrysler now seek up to $39 billion under restructuring plans the two battered carmakers submitted to the Treasury Department today. GM is asking for an additional $16.6 billion in cash and credit on top of the $13.4 billion the company has already received. Chrysler wants an additional $5 billion, bringing its total rescue to $9 billion.

AP

1 comment:

leslie t. said...

Nationalize Detroit 2 and make them build streetcars and HS rail. Use the recovery money to make the switch.

Ford can stick to cars for 10 years.