www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

WORLD> America
GM says it needs $12 billion to survive
(Agencies)
Updated: 2008-12-03 07:08

WASHINGTON -- General Motors Corp. said Tuesday it needs $12 billion in government loans to keep operating, telling Congress in a bluntly worded report that its collapse could have "severe, long-term consequences to the US economy."


In this November 19, 2008 file photo, auto industry executives, from left, General Motors Chief Executive Officer Richard Wagoner; Chrysler Chief Executive Officer Robert Nardelli; and Ford Chief Executive Officer Alan Mulally, testify before a House Financial Services Committee hearing on the state of the auto industry, on Capitol Hill in Washington. [Agencies] 

GM said it would seek up to $18 billion from the government: $12 billion in loans, including $4 billion by the end of December, and a separate $6 billion line of credit in case market conditions worsen.

Related readings:
Obama speaks to Bush on auto aid
US auto chiefs renew bailout bid with $25b push
Auto bailout plan hits a roadblock

"Absent such assistance, the company will default in the near term, very likely precipitating a total collapse of the domestic industry," GM said, contending its collapse would have "a ripple effect that will have severe, long-term consequences to the US economy."

"There isn't a Plan B," said Chief Operating Officer Fritz Henderson. "Absent support, frankly, the company just can't fund its operations." He said GM would need $10 billion to $12 billion by late March.

GM, along with Ford Motor Co. and Chrysler LLC, submitted detailed plans to Congress in hopes of winning support for at least $25 billion in loans to keep the battered US auto industry afloat.

GM said it would take significant steps by 2012 to restructure, including the reduction of 20,000 to 30,000 workers, the cutting of nine plants and the slashing of 1,750 dealer locations.

It would focus future efforts on four core brands -- Chevrolet, GMC, Buick and Cadillac. Henderson said the company was conducting an "expedited and strategic review" of its Saab brand and was discussing options with dealers about the future of Saturn. Pontiac would become a specialty niche brand.

The plan supports the formation of a government oversight board to ensure that taxpayers are protected and the company is restructured. GM would negotiate swapping some of its $66 billion in debt for equity stakes.

GM would seek concessions from the United Auto Workers union to help it survive. Areas under discussion include job security provisions and manpower levels.

CEO Rick Wagoner will work for $1 per year and top executives will take major pay cuts. Henderson said GM would "immediately cease all corporate aircraft operations," meaning company leaders would travel by commercial aircraft.

GM said the loans could be fully repaid by 2012, but if market conditions deteriorated, the company would need more time.

主站蜘蛛池模板: 成年片美女福利视频在线 | 欧美中文在线 | 欧美色视频日本片高清在线观看 | 久久是精品| 国产成人免费永久播放视频平台 | 男人操美女逼视频 | 99久久精品免费 | 新版天堂资源中文在线 | 一级国产精品一级国产精品片 | 亚洲精品人成网在线播放影院 | 精品国产三级a∨在线 | 亚洲一区二区三区免费观看 | 岛国在线免费观看 | 亚洲精品欧美精品一区二区 | 亚洲精品在线免费看 | 制服丝袜在线视频香蕉 | 午夜免费的国产片在线观看 | 99性视频| 亚洲第一中文字幕 | 亚洲日本aⅴ片在线观看香蕉 | 成人免费视频网站 | 黄网在线观看免费网站台湾swag | 农村寡妇女人一级毛片 | 欧美成人精品免费播放 | 亚洲视频日韩 | 欧美久久久久欧美一区 | 亚洲区精品 | 99视频国产精品 | 久久免费视频在线观看30 | 暴操女人 | 91香蕉国产亚洲一区二区三区 | 免费高清毛片在线播放视频 | 免费一级欧美性大片 | 美女视频一区二区三区在线 | 免费一级毛片在线播放不收费 | 国产亚洲视频在线播放大全 | 成人在线视频国产 | 国产精品黄色片 | 在线日韩欧美一区二区三区 | 欧美一级xxxx俄罗斯一级 | 国产精品视频视频久久 |