LAST UPDATE: 02/18/09 - DATE VIEWED:
09/07/2010
SUBTITLE: Bloomberg
BASIC INFO:
General Motors Corp. asked the U.S. for as much as $16.6 billion in new loans, more than doubling the aid to date, and said it needs some of the cash next month to survive as it sheds brands and cuts 47,000 more jobs worldwide.
Chrysler LLC, propped up like GM with federal assistance, said its seeking $5 billion more from the government and will shed 3,000 more positions.
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