GM May Need Up to $30 Billion in Gov't Aid

The country's largest automaker said it may need upwards of $30 billion in government aid and will cut 20,000 U.S. jobs to come back from the brink of bankruptcy. General Motors has received $9.4 billion in federal loans since December and received another $4 billion today. But the company said it still needs as much as $16.6 billion more in financing to survive the troubled credit market. The company also plans to cut 47,000 jobs from its global operations -- including 20,000 hourly jobs in...Full Story
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