Published 2/18/2009
at L.A. Times - Politics
General Motors asks for up to $16.6 billion in loans, Chrysler $5 billion. In return, the automakers say, they'll slash jobs and vehicle lines.
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General Motors Corp. and Chrysler said Tuesday that they needed nearly $22 billion more in government loans to avoid financial ruin, further darkening a day of global financial turmoil.
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Join the conversation on Jack's blog.
Two of the Big Three American automakers are holding out their hands again for more of your taxpayer dollars.
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