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Cars Blog

GM and Chrysler warn they could collapse in month without aid

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December 3, 2008 7:51 am
By Peter C. T. Elsworth

General Motors Corp. and Chrysler LLC warned Tuesday they could collapse without federal aid before the end of the month, as they joined with Ford Motor Co. to urge $34 billion in loans and to press lawmakers to resolve a standoff threatening hundreds of thousands of jobs, according to The Detroit Free Press.

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