David Cole(producer)

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Creditors push GM closer to bankruptcy
DETROIT, May 22 (UPI) -- Major General Motors Corp. creditors said Friday they had turned down a debt for equity swap, an action that pushes the U.S. automaker closer to bankruptcy.
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.
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.
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.
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.
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.
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.
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.
DETROIT, July 6 (UPI) -- Ominous industry predictions have the Big 3 U.S. automakers' share of their domestic market falling below half for the first time.
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