Financial Times FT.com

US carmakers ask for $34bn

By Bernard Simon in Toronto and John Reed in London

Published: December 2 2008 19:59 | Last updated: December 3 2008 02:01

Detroit’s beleaguered carmakers sought to present themselves as lean, innovative and environmentally aware as they appealed to Congress for up to $34bn in emergency loans on Tuesday.

In a second appeal to Washington in a month, General Motors, Ford Motor and Chrysler set out plans to become more competitive, stressing attempts to transform themselves from high-cost behemoths focused on gas-guzzling sports-utility vehicles.

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