Promoting the Joys of Carfree Life in the USA
(Since February 2006)
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.