GM, Chrysler Request $22B

[WillowTree]

DETROIT -- General Motors Corp. and Chrysler LLC on Tuesday told the U.S. government it needs even more taxpayer money to survive than originally thought.

Meanwhile, the United Auto Workers union said it has reached a tentative agreement with Chrysler, GM and Ford Motor Co. on modifications to existing labor contracts. But discussions were still under way about how the companies would fund union-run trust funds that will take over the companies' retiree health care obligations starting next year.

GM, presenting a dire outlook for the future, said it may need $30 billion in total government financing to weather the economic downturn and would cut 47,000 jobs worldwide and shutter five more U.S. factories in a massive restructuring plan

GM and Chrysler Request Billions More in Loans - First 100 Days of Presidency - Politics FOXNews.com



Garsh oh golly,, 22 Billion dollars more and then they will still cut 50,000 jobs. Poor old sealybobo..

 

[RodISHI]

Is that for they can put more into Brazil?

 

[Xenophon]

Once you open the money tap, they will keep coming back over and over again, and change not one iota of their way of doing things.

 

[Lycurgus]

And how about the UAW, boy they have really made cuts to help things out.

 

[Article 15]

I hope we tell them to piss off.

 

[michiganFats]

OK, I request that they bring my job back from Latin America.

 

[Xenophon]

Request denied.