WASHINGTON – Humbled and fighting for survival, Detroit's once-mighty automakers appealed to Congress on Tuesday with a retooled case for emergency funding in the amount of as much as $34 billion, pledging to slash work forces, car lines and executive pay in return for a federal lifeline. General Motors Corp. and Chrysler LLC said they needed immediate cash infusions to last until New Year's, and warned they could drag the entire industry down if they should fail.
Big Three survival money requests rise as high as $34B
Tuesday, December 2, 2008 | 10:51 p.m. CST;
updated 9:41 a.m. CST, Thursday, December 11, 2008
To read the full article, please sign up or login.
Get full access to the Columbia Missourian on your computer, phone, and tablet for just $5.95 per month. Or click here for full access for one day for only 99 cents.
* Unlimited access on your iPhone, iPad, Android phone and Android tablet
* All the high-quality, in-depth journalism of the Columbia Missourian and Vox Magazine, updated 24/7
* Your news. Your device. Your time.
If you'd like to read more about the value of being a member, read this column from the Missourian's executive editor, Tom Warhover.
advertisements