Word: loaning
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...Ford, which is in much better fiscal shape, asked for a standby credit line of $9 billion. The privately held Chrysler is going to need a $7 billion bridge loan, and it's willing to give equity to the government...
Chrysler: "A $7 billion secured working capital bridge loan by December...
...Chrysler is looking for a $7 billion bridge loan by the end of 2008. The company also is asking for $6 billion in loans from an already-approved Energy Department program established to encourage production of fuel-efficient cars...
Some analysts have been heartened by GM's November sales results and believe they offer a glimmer of hope for the future - if the government can help the automaker overcome its current cash crunch with a $12 billion loan...
...What's unclear is if the Big Three, particularly GM, can last that long. Ford said in the recovery plan it submitted Tuesday that it can survive through 2009 without a loan - provided neither one of its two competitors goes bankrupt and drags down the industry's entire supplier network. But Chrysler asked for $7 billion in loans, and GM said it would need $4 billion by the end of this month and upwards of an additional $14 billion next year to survive. All told, the companies have asked the Federal Government for $34 billion (including a $9 billion emergency...