General Motors has announced a further series of measures to cut costs as it admitted it is burning $2bn cash a month to survive.
The moves include putting merger talks with Chrysler on hold and cutting another 2,000 salaried jobs and 3,600 hourly workers.
It will also cut another $5bn in costs in addition to the $10bn cuts announced in July, and raise another $5bn through debt and asset sales.
The carmaker reported a net loss of $2.5bn in the third quarter and burned through $6.9bn cash to end the quarter with $16.2bn cash remaining.
Bankruptcy not an option
GM has said it needs $11-14bn cash to remain operating.
Chairman and chief executive Rick Wagoner said the company will take every step to avoid bankruptcy.
Measures taken to achieve the extra $5bn savings will include slashing capital spending in 2009 and making cuts to structural costs.