GM borrowed additional $4b, and $30b more soon?

General Motors could be on the verge of receiving another $30 billion in federal loans - or twice the amount it received when it was bailed out by the administration of President George W. Bush last year.

Obama said in an interview broadcast Saturday on C-SPAN that the beleaguered automakers should aim to have product lines that appeal to consumers -- and that means fuel efficient and high-performance vehicles that Americans hunger for.

GM borrowed an additional $4 billion from the government Friday on top of $15.4 billion it previously received. The administration has demanded that the restructuring include cutting labor costs, reducing debt, shedding dealerships and brands, and closing excess factories.