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GM exec says automaker may need more gov't money

Published 01/12/2009, AP Auto Writer

General Motors Corp.'s chief operating officer said today that the automaker has presented a worst-case scenario to Congress in which it would need more money than the $13.4 billion allocated by the Treasury Department. But Fritz Henderson would not speculate on whether GM will need all of the $18 billion in government loans it sought from Congress in December.

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