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General Motors last week belatedly promised to give up two of its five leased executive jets, after its boss had used one to fly to Washington to plead for more cash from the government in order to stay in business.
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GM: Needs $4B in December to stay afloat - Detroit News
DETROIT -- General Motors Corp. needs more money from Congress than it previously disclosed and needs it sooner or risks being unable to survive into next year. The dire revelations were contained in a restructuring plan GM submitted to Congress on ...
Detroit Big 3 struggling to stay afloat - Presstv
The United States' car industry is teetering on the verge of bankruptcy as the US House speaker calls for action to bail the Big Three out. The major US car manufacturers, General Motors, Ford, and Chrysler, otherwise known as the Big Three, have ...
Situation is far worse than we thought - Detroit News
A teetering General Motors Corp. says it needs $12 billion in cash -- a third of it by the end of this month -- and a $6 billion credit line to make it into next year. Would it be enough? Chrysler LLC, its monthly sales off worse than GM's, says it ...
In the South, there's disdain for Detroit - Seattle Times
WEST POINT, Ga. ? West Point, an attractive old mill town along the Chattahoochee River, could be the backdrop for a patriotic U.S. car commercial. But America's Big Three automakers, which are teetering on a financial abyss, shouldn't expect much ...
Big Three retool case for Congress - Salt Lake Tribune
Washington » Humbled and fighting for survival, Detroit's once-mighty automakers appealed to Congress with a retooled case for a huge bailout Tuesday, pledging to slash work forces, car lines and executive pay in return for a federal lifeline. GM ...
Action is required now to save teetering U.S. automakers - Morning Journal
No comments posted. President-elect Barack Obama sailed to victory on Nov. 4 in part by carrying Ohio and Michigan. But his wariness in speaking out to promptly save the U.S. automakers with at least $25 billion in loans may lead to disaster ? not ...
Furniture group MFI teetering on brink of collapse - Guardian Unlimited
Furniture and kitchens specialist MFI is expected to collapse into administration within hours, putting thousands of jobs at risk. A notification of the company's intention to file for administration was lodged at the high court last night and staff ...
Big Three May Need to Trim Number of Brands - Gainesville Sun
DETROIT ? For the Big Three automakers to win over Washington lawmakers in their bid for federal aid, they will have to address a critical question in the business plans they give to Congress on Tuesday. Just how serious are they about shrinking ...
Sales of new vehicles in Washington state skid in October - Birmingham Business Journal
October was another dismal month for new car dealers in Washington state. Sales of new cars and light trucks continued their downward spiral in the state, with nearly 30 percent fewer new vehicles registered in Washington in October, compared to ...
Shared denial takes Big 3 to brink - Detroit News
The stakes could not be any higher -- for Detroit's automakers, the United Auto Workers, salaried employees, tens of thousands of retirees and communities around the country. As GM, Ford and Chrysler today deliver their turnaround plans to Congress ...
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