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GM Asks Government For $10B

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GM Asks Government For $10B

GM Asks Government For $10B

GM Asks Government For $10B

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  • <iframe src="https://www.npr.org/player/embed/96220011/96219988" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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General Motors is asking the U.S. government to buy $10 billion in equity investment. It would be an unprecedented rescue package in support of a merger between GM and Chrysler. The government funding would include roughly $3 billion in exchange for preferred stock in the merged automaker.