GM Asks Government For $10B 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.

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GM Asks Government For $10B

October 28, 20081:00 PM ET

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Madeleine Brand

Mitchell Hartman

GM Asks Government For $10B

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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.

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