Deadly fires hit wine regions in Spain and Portugal - Decanter
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Deadly fires hit wine regions in Spain and Portugal - Decanter:
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G.M.,is in dire straits with some predicting that the company might be forced into bankruptcy
Posted by
Fraser Trevor
Sunday, 7 December 2008
G.M.,in dire straits with some predicting that the company might be forced into bankruptcy. From the start, the executives took an apologetic tone in making their cases for the government-financed bailout: G.M. asked for $12 billion in loans and a $6 billion line of credit; Ford for a $9 billion line of credit that it can draw on if needed; and Chrysler for an immediate $7 billion loan.