Agent009 submitted on 11/7/2008 Official AutoSpies Timestamp: 12:59:13 PMGeneral Motors Corp, Ford Motor Co and Chrysler LLC strapped for cash as sales plunge, are seeking $50 billion in federal loans to help them weather the worst auto market in 25 years, a person familiar with the matter said. The package would be $25 billion for health-care spending and $25 billion for general liquidity that could be delivered in different ways, including short-term borrowing from the Federal Reserve, said the person, who asked not to be identified because the plan isn't public. Read More