Automakers increase bailout request to $34 billion

wow, i thought rocking up to beg for money in a private jet was cheek. clearly, i was wrong - ask for a bailout, get rejected, then ask again, this time for an extra $9 bil? well, they've got guts.

I hope GM won't get anything, especially the 18 billion$!!!

Govt has no choice. Big three are going to get what they want, but there will be a lot of strings attached.

Does this help anything? ... drive a hybrid to meet the congress. It is just stupid thing to come up with. I don't think they are getting better image on "saving cost", but just show us how they really expense the money. ... Let's hope they will get nothing but a real hard lesson.

This needs to happen or a decision needs to be reached fast cuz this has been a huge ordeal which needs to end. I wish tho that of the 3 Chrysler would just collapse. They are almost completely dead weight and don't add a whole lot of value to the market. But its like brothers and sisters. Can't give a toy to one without giving the other its share

And will they get this or not?

The fact that GM had to ask for an additional $9 Billion over the course of 2 weeks seems to indicate 1 of 2 things; either their grasp of Financials are so poor they don't actually know how much they need; or; they've managed to fall another $9 Billion in debt over that period of time. Either way, they're more of a drain on the economy then an asset. Let 'em die - save the other 2.

Anything with a GM, ford or chrysler badge these days, at least in my city is considered unreliable and cheap. I work at an emissions testing facililty and I can say the US manufacturers fail way more often than european and japanese makes. The american automakers are way behind the times. Dumping money at them won't help anything if the managing structure doesn't change completely. They are overly controlled by unions who want hub cap placers on the assembly line to get 70 bucks and hour. Need to downsize, refocus a design direction isntead of pushing out countless models which don't fit into any class. Take a lesson from Carlos Gohsen, maybe firing 21,000 useless employees is what they realy need before they ask for more money

i notice everyone either wants GM or chrysler to die, but everybody's cool(ish) with ford. i mean fair enough, ford make some decent cars, but still, liiiittle descriminatory, no?

What is the BIG deal in giving these folks 25B or even 34B when they are keeping 1 in every 5 jobs in America? Feds paid 700B to the banks, nearly 170B to AIG alone while they did nothing to save jobs. Wall Street still lost billions of dollars and thousands of jobs. And on top of it, Feds could not keep track of the money they gave to banks since it was distributed at a very brisk pace. At least saving Detroit saves 1 in 5 jobs in America and gives us rental car fleets. I think the Feds did not keep track of the money they gave to banks on purpose since the black money of the 'elite few' was to be saved. On top of it, money given to Banks was charity, not loan, Big 3 are asking for loan. Law makers did not deliberate 10% of the time in giving away 700B for free to banks while they are discussing heavily on a 25B LOAN for Detroit. This is penny wise pound foolish to me. I think since elections are over now, everyone at DC is acting smart ass, while before elections, they knew that public sentiment would be hurt if they oppose the bailout. Anyways delaying

The 25 Billion was a number thrown out by the politicians, not the car companies. World Car Fans needs to check their facts!