G.M. Hikes Loan Request

Getty

The struggling auto giant raises its federal loan request by $12 billion, to $30 billion.

Also plans to cut 20,000 U.S. jobs by the end of the year.

NY Times: “G.M. appears to be in danger of running out of money by the end of March without another infusion….”

Related Topics: News, The Page

Post a Comment

You must be logged in to post a comment.

  • Tweets

    View More Tweets From @TIME

Follow

Get every new post delivered to your Inbox.

Join 245 other followers