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What's $30B among friends?

Bruce Nunnally

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General Motors Corp. will need at least $2 billion by March to stave off bankruptcy, telling the Obama administration it may take up to a total of $30 billion in federal aid to keep the company afloat.

GM's submission brings the total request for aid from itself and Chrysler LLC to $39 billion, after Chrysler asked today for an additional $5 billion on top of the $4 billion it has already received. Without at least $7 billion from the Obama administration to the two automakers by the end of March, both face collapse.



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