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:
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.
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