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They are all in trouble General Motors Seeks Quick Bankruptcy General Motors went to bankruptcy court. It became the second of the big three American automakers to seek protection from its creditors while continuing operations. Chrysler declared bankruptcy on April thirtieth, though its plans to leave the process quickly still await final rulings. Mister Obama also said Chrysler will seek bankruptcy protection in court. Bankruptcy laws will protect the company from legal action while it continues operations and reorganizes its finances. The President said the government will provide about eight billion dollars in additional loans to the company during this period. No one knows if all this will work. But if the plan succeeds, it could serve as a model for Americas biggest carmaker, General Motors. G.M. has until June first to offer a plan to the government if it is to receive new government loans. This week, the company proposed cutting twenty-one thousand more factory jobs. It will also sell fewer kinds of vehicles. Like Chrysler, G.M. is attempting to reduce its debt. The carmaker plans to do this by offering company stock in exchange for twenty-seven billion dollars in G.M. bonds. It also wants to make the government a majority shareholder in return for part of the emergency loans it has received. Financial crisis: Ford staff to work four-day week as car demand drops In Britain the move will mean workers producing the Ford Transit van will work a four-day week until the end of the year. This will mean 17 days less production at its factory in Southampton, while work is also being cut at the companys car plants across Europe. Ford is following the lead of a number of car makers, who have dropped shifts in response to the growing financial crisis of recent weeks. Toyota has suspended the night shift at its Derby factory, where it makes the Auris. Elsewhere Friday production of both the Jaguar and Land Rover has been cut from a full to a half-day. The cutbacks