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As predicted, General Motors and Chrysler need more money.(restructuring plans)(Brief article)
As predicted, General Motors and Chrysler need more money. GM says it needs $12 billion in addition to the $18 billion it has already asked for, and Chrysler wants another $2 billion on top of its $7 billion request. GM announced that it plans to eliminate 47,000 jobs this year, while Chrysler's Hail Mary pass entails the addition of electric vehicles, those proven moneymakers, to its product line. GM still has not reached an agreement with its bondholders to reduce the debt it ...
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