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GM Seeks $18B in Aid, Needs $4B Immediately

By Harry Kimball, Newser Staff

Posted Dec 2, 2008 4:02 PM CST

(Newser) – General Motors says it needs an immediate $4 billion loan from the government to get through the month, the Detroit Free Press reports. “Absent support, we can’t continue to operate,” the carmaker’s COO told Congress. GM is requesting a total of... Read full story »

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GM Seeks $18B in Aid, Needs $4B Immediately

Congress • General Motors • credit crisis • auto industry • bailout • economic downturn • Fritz Henderson

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