To The Big Three “No one is too big to fail”

WASHINGTON – General Motors said Tuesday it needs $4 billion in government loans this month and a total of $12 billion by late March to keep operating. The troubled automaker said it plans to slash its numbers of workers, vehicle brands and plants by 2012.

Altogether, the auto giant is seeking up to $18 billion in government funding — including a $6 billion line of credit in case market conditions worsen.

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  1. January 23rd, 2012
    Trackback from : Panoramic

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