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Detroit headed for bankruptcy?

DETROIT, Dec. 4 (UPI) -- Detroit's financial outlook is so dire the city may not be able to right itself without ending up in bankruptcy court, restructuring experts say.
Ford offers hourly workers buyout plan

Ford offers hourly workers buyout plan

DEARBORN, Mich., Dec. 22 (UPI) -- Ford Motor Co. offered U.S. hourly workers a job buyout program Tuesday, stressing it was a voluntary method of reducing its workforce of 41,000 employees.

Gaming board says Greektown funds are low

DETROIT, Nov. 17 (UPI) -- Michigan regulators asked a U.S. Bankruptcy Court judge to refuse Greektown Casino's request for an extension to file for bankruptcy, court papers show.

Automakers' merger would face hurdles

DETROIT, Oct. 20 (UPI) -- A proposed merger between U.S. auto giants General Motors and Chrysler would run into high hurdles from regulators, an antitrust attorney said.

Job losses likely in a GM-Chrysler merger

DETROIT, Oct. 12 (UPI) -- Detroit could suffer another significant blow if the merger of Chrysler and General Motors becomes a reality, sources told the Detroit Free Press.

Union to lose experience in layoffs

DETROIT, May 28 (UPI) -- The United Auto Workers is planning for the retirement of more than 30,000 members from Detroit automakers and the loss of dues and leadership.
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