Wednesday, February 18, 2009

GM says it needs billions more ...............

GM says it needs billions more by next month to stay afloat
"General Motors Corp. will need as much as $16.6 billion in additional federal aid if market conditions worsen but could run out of money next month.
GM needs $2 billion more in aid in March and $2.6 billion in April to stay afloat.
The requests for additional loans is outlined in a restructuring plan submitted today to the U.S. Treasury Department that illustrates how GM will repay $13.4 billion in aid that has kept the automaker operating since it nearly ran out of cash in December. GM plans to begin repaying its loans in 2012."

GM has burned $13.4 BILLION ALREADY??!!!!

AND THEY WANT MORE??????

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