Automakers ask for more federal help

General Motors and Chrysler LLC said Tuesday they could need an additional $21.6 billion in federal loans between them because of worsening demand for their cars and trucks. GM said that by 2011 it could need a total of $30 billion, which includes the $13.4 billion in Treasury loans it has already received. GM will for sure need $9.1 billion in additional loans and could require another $7.5 billion in the next two years if auto sales don't improve. Chrysler said it now needs a total of $9 billion, up from the $4 billion Treasury loan it received in December. GM also said that it would eliminate 47,000 jobs over the course of 2009. The company said it would cut about 20,000 jobs in the United States, or nearly 22% of its left over U.S. staff. The company said it plans to close another five additional U.S. plants by 2012, in addition to the 12 planned closings announced in December. The plants that will be closed have not yet been identified. Experts have said that the request for additional money is not a surprise, given how bad auto sales have been since the December plea for help.