GM says it needs $12 billion by March

WASHINGTON - December 2, 2008 - The troubled automaker says it plans to slash its numbers of workers, vehicle brands and plants by 2012.

Altogether, the auto giant is seeking up to $18 billion in government funding - including a $6 billion line of credit in case market conditions worsen.

/*General Motors*/ Corp. would focus on 4 brands - Chevrolet, GMC, Buick and Cadillac. By 2012, the plan calls for 20,000 to 30,000 fewer workers, a reduction of nine facilities and 1,750 fewer dealers.

GM CEO /*Rick Wagoner*/ is offering to work for a dollar a year and top executives will take major pay cuts.

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