Auto giants 'need $11b to last until next month'
China Daily | Updated: 2008-12-04 08:13
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Workers assemble a Chevrolet Lacetti at the GM and Avtotor automobile plant in Kaliningrad, Russia. Bloomberg News |
General Motors Corp and Chrysler LLC told Congress they need $11 billion just to survive until next month, when US president-elect Barack Obama takes office. Democrats pledged to keep them out of bankruptcy without saying how.
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