Chrysler Needs Extra Billions to Continue; 3,000 More Jobs Cut

Chrysler's viability plan submitted late Tuesday to the U.S. Treasury Department asks for another $2 billion in federal loans, bringing its total request to $9 billion.

The additional $2 billion request means Chrysler is seeking $5 billion by March 31 -- rather than $3 billion -- that it says is required to continue operations.

Chrysler's preliminary "viabilty plan" said it will eliminate more jobs -- another 3,000. It also will rid itself of three more models -- Dodge Durango and Chrysler Aspen and PT Cruiser -- and another production shift. In addition, Chrysler said it has a framework for an agreement of cost-saving concessions from the United Auto Workers (UAW) union, its dealers, its suppliers and second-lien lenders.