GM, Ford Seek $50 Billion From U.S., Double Request

And you know who will pay for all of this._____________________________________________________________________________Aug. 22 (Bloomberg) — General Motors Corp., Ford Motor Co., Chrysler LLC and U.S. auto-parts makers are seeking $50 billion in government-backed loans, double their initial request, to develop and build more fuel-efficient vehicles.The U.S. automakers and the suppliers want Congress to appropriate $3.75 billion needed [...] continue reading world news