Automakers to Washington: It's Crunch Time

Auto executives tell congressional leaders millions of jobs could be lost if the Detroit Three don't get billions of federal dollars
Richard Wagoner, chairman and CEO of General Motors (R), listens during a panel on Capitol Hill Sept. 12 Brendan Smialowski/Getty Images

A day before General Motors (GM) was expected to report a nearly $4 billion loss for its latest quarter, top executives of GM, Ford (F), Chrysler, and the United Auto Workers union came to Washington to press their case for at least $25 billion in federal loans. Without the help, the car companies argued, they may not survive 2009.

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