A federal bankruptcy judge late Sunday night approved a sale of General Motors's assets to a new government-backed company, setting the stage for the largest U.S. carmaker to complete a restructuring plan at the heart of the Obama administration's efforts to overhaul the ailing auto industry.
DETROIT, March 28 (UPI) -- General Motors Corp. is unlikely to meet the U.S. government's March 31 deadline for wringing concessions from workers and bondholders, analysts say.
DETROIT, Oct. 14 (UPI) -- The ailing U.S. auto industry would receive help from a Barack Obama administration, the Democratic candidate's top economic adviser said.
Russian Maria Sharapova signs autographs after winning her French Open womens first round match against Romanian Alexandra Cadantu at Roland Garros in Paris on May 29, 2012. Sharapova defeated Cadantu 6-0, 6-0 to advance to the next round. UPI/David Silpa