{"id":11325,"date":"2009-02-18T17:29:20","date_gmt":"2009-02-18T17:29:20","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/gm_and_chrysler_raise_loan_request_by_14_billion\/"},"modified":"2009-02-18T17:29:20","modified_gmt":"2009-02-18T17:29:20","slug":"gm_and_chrysler_raise_loan_request_by_14_billion","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=11325","title":{"rendered":"GM and Chrysler raise loan request by $14 billion"},"content":{"rendered":"<p>The price tag for bailing out General Motors and Chrysler jumped by another $14 billion Tuesday, to $39 billion, with the two automakers saying they would need additional aid from the U.S. government to remain solvent.<\/p>\n<p>In return, the two companies also promised to make further drastic cuts to all parts of their operations, in the hope to eventually strike a balance between their cost structures and a dismal market for new car sales.<\/p>\n<p>GM, for example, said it would cut 47,000 more of its 244,000 workers worldwide; close five more plants in North America, leaving it with 33; and cut its lineup of brands in half, to just four: Chevrolet, Cadillac, GMC and Buick.<\/p>\n<p><i><a href=\"http:\/\/www.iht.com\/bin\/printfriendly.php?id=20261277\" title=\"http:\/\/www.iht.com\/bin\/printfriendly.php?id=20261277\">Read it all.  I bet your reaction to this was similar to mine&#8211;more money? They want more money? Something about this picture is all wrong.  Read it all&#8211;KSH<\/a>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price tag for bailing out General Motors and Chrysler jumped by another $14 billion Tuesday, to $39 billion, with the two automakers saying they would need additional aid from the U.S. government to remain solvent. In return, the two<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=11325\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,598],"tags":[],"class_list":["post-11325","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-the-possibility-of-a-bailout-for-the-u-s-auto-industry"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11325"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11325\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}