GM has 60 days.

[RB TexLa]

Officials: US to give GM, Chrysler more money

10 minutes ago

WASHINGTON (AP) — Officials tell The Associated Press that the Obama administration is giving General Motors financing for 60 days to restructure; Chrysler will get up to $6 billion and 30 days to complete alliance with Italian automaker Fiat.

http://www.google.com/hostednews/ap/article/ALeqM5ijDA5bgxiHlTvS_r-SSjskS1Tq1wD9781NF03



GM, Chrysler to get additional short-term aid
David Shepardson / Detroit News Washington Bureau

WASHINGTON -- President Barack Obama will provide General Motors Corp. with short-term "working capital" as it conducts additional restructuring, while providing short-term aid to Chrysler LLC as it works to complete a tie-up with Fiat SpA.

Obama told four key Michigan members of Congress during a Sunday night conference call that he would grant unspecified additional aid to GM for 60 days and Chrysler for 30 days, according to a person familiar with the call.


http://www.detnews.com/article/20090329/AUTO01/903290337/1148/GM++Chrysler+to+get+additional+short+term+aid

[BobRossi]

1. How much time does AIG have?

Anyone from the failed banks forced to resign by the WH?

[Critters2]

3. Hey! They can't break those contracts!!

Unions, that's another issue altogether. Somehow. :grr:

[amborin]

2. 60 days to bust the UAW, that's what "restructuring" is all about

[ColbertWatcher]

4. That's what it's starting to look like. And no one is trying to hide it. n/t

[Kdillard]

5. Really I didn't read that so I guess I will wait until tomorrow when the

plans are revealed before I jump to that conclusion.

[ColbertWatcher]

6. Maybe it wasn't explicitly spelled-out in that particular article, but ...

... it was admitted to before the Big Three execs went to Washington.

[rucky]

7. and screwing over the pensioners.

even more