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Automakers to ask for at least $34 billion

DETROIT, Dec. 2 (UPI) -- U.S. automakers say they are requesting at least $34 billion in bailout loans from federal lawmakers, jumping past the assumed sum of $25 billion.

A collapse at GM: A headache for many

DETROIT, Nov. 19 (UPI) -- A collapse of General Motors Corp. would likely trigger a downward spiral in the automotive supply industry and higher vehicle prices, industry experts said.

Auto suppliers on edge as industry turns

DETROIT, Oct. 28 (UPI) -- The U.S. auto parts industry is anxiously waiting in the wings while Detroit automakers struggle to find a way to survive the economic downturn.

Ford reportedly rejected GM merger

DETROIT, Oct. 11 (UPI) -- Ford Motor Co. rejected a potential merger with General Motors Corp. before GM began talks with Chrysler LLC, The New York Times reported Saturday.

Analysts see Chrysler at a crossroads

AUBURN HILLS, Mich., Aug. 5 (UPI) -- U.S. auto giant Chrysler LLC is at a crossroads one year after Cerberus Capital Management LP took over, industry analysts said.

GM says it still has cuts ahead

DETROIT, May 1 (UPI) -- Cutbacks at General Motors Corp. to pull itself out of the red are not over, GM Chief Operating Officer Fritz Henderson said.

Seizure of terror suspect funds questioned

WASHINGTON, Oct. 30 (UPI) -- The U.S. government reportedly has seized nearly $265 million in al-Qaida-linked assets since the Sept. 11, 2001, attacks.

Report: U.S. auto talks far from accord

DETROIT, Sept. 11 (UPI) -- Union leaders and Detroit's automakers will be hard pressed to reach a deal when contracts expire Friday, a report in The Detroit News said Tuesday.