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Page last updated at 10:59 GMT, Wednesday, 3 December 2008

US carmakers publish rescue plans

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Chrysler, Ford and General Motors have all submitted proposals to US Congress for loans of $34bn (£22.8bn; 26.8bn euros) upon which their survival could depend.

Sales at all three of the carmakers have plunged as consumers curb their spending in the face of the economic downturn.

Caroline Hepker reports from New York.

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