GM seeks $4 billion government loan

Carleton Bryant The Washington Times - December 2, 2008, 08:23PM

General Motors says it needs a $4 billion loan from the federal government immediately, the Detroit Free Press is reporting.

Otherwise the automaker will be forced to sell some cars — and we know how well that’s gone lately.

SEE RELATED:

Maybe the federal government will give them the loan with the same conditions as a GMAC car loan — 60 months at 15.95% interest. Only when the repo man comes, he takes over the GM headquarters. Sweet.

About the Author

Carleton Bryant

Carleton Bryant is a senior editor at The Washington Times, where he oversees the National and Metropolitan desks. He also serves as the newsroom’s internship coordinator. He has served as an assistant managing editor; a National, Metropolitan and Features desk editor; an assistant National desk editor; and a reporter on the National and Metro desks.

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GM seeks $4 billion government loan

About the Author

Carleton Bryant

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