Detroit's New Bill: $34 Billion

GM, Ford, and Chrysler present plans for an overhaul as the worst-hit automakers issue a dire warning if help isn't forthcoming

The three U.S. car companies delivered their overhaul plans to Congress on Dec. 2, and asked for a total of $34 billion to get them through the financial crisis. That's a big bump up from what they had asked for last month. And with the Detroit Three CEOs scheduled for another round in the congressional pressure-cooker starting on Thurs., Dec. 4, the two companies in the worst shape—GM (GM) and Chrysler—offered a stern warning that they could run out of cash if help isn't immediately forthcoming.

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