Ailing automakers plead for $25b in loans

By MICHAEL KRANISH, 
Published  2008-11-19 05:12:39
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WASHINGTON - Warning of a doomsday economic scenario, the top executives of the Big Three US automakers made a historic appeal yesterday for $25 billion in loans, telling Congress the money is desperately needed to stave off the collapse of the companies and the direct and indirect loss of millions of jobs.
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