An incomplete viability plan and a request for more bailout money
How much will it take to save GM?GM is preparing to submit its viability plan, but it won't include the needed concessions from the UAW and bondholders, although those concessions are not absolutely required right now. Nonetheless, GM is already acknowledging that it will need more money.
Originally, GM had requested $18 billion when it first went before Congress. Thus far, Congress has approved about $13.4 billion for Congress already. So, it will be very interesting to see if GM needs only about another $4 billion, or if GM asks for much more.



1 Comments:
Wow. I guess they wanted a lot more. NYTimes
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