...some of their third world subsidiaries... then
we'll talk bailout here at home...
General Motors of Canada Ltd. is seeking a rescue package totalling $3.2-billion from Ottawa and Ontario, including $800-million in emergency loans, according to a source familiar with the company's restructuring plan submitted to the federal and provincial governments on Friday.
In all, the Canadian subsidiaries are asking for government loans or lines of credit totalling $6.8-billion to help them weather the crisis in the auto sector.
*
