Business News


US car giants seek $21bn funding

US car giants seek $21bn funding

The auto giants also plan to axe 47,000 and 3,000 jobs respectively, as well as shedding a number of car models.
The moves form part of their drastic restructuring plans submitted to the US Treasury Department on Tuesday night.
It came as the United Auto Workers (UAW) union reached agreement with GM, Chrysler and Ford on [...]