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GM says it may need up to $30B in gov't financing; plan will slash 47,000 jobs, close 5 plants

Discussion in 'Other Cars' started by cwerdna, Feb 18, 2009.

  1. cwerdna

    cwerdna Senior Member

    Joined:
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    2006 Prius
    Hope this isn't a repost...

    GM seeks up to $30B in aid, will cut 47,000 jobs - Yahoo! Finance

    "GM is already surviving on $13.4 billion in federal loans and said in a 117-page plan submitted to the Treasury Department that it would seek an additional $16.6 billion if economic conditions worsen, but it could achieve profitability in two years and fully repay its loans by 2017...."
     
    #1 cwerdna, Feb 18, 2009
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