UPI Related News
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.
The White House unveiled a $17.4 billion bailout plan for U.S. automakers Friday, eliciting sighs of relief from the companies, which are currently teetering on the brink of bankruptcy.
GM denies merger talks
DETROIT, Dec. 18 (UPI) -- U.S. automaker General Motors Corp. denied reports that it had reopened merger talks with Chrysler LLC, while Chrysler refused to confirm the story.
Bailout for U.S. auto manufacturers dim
WASHINGTON, Nov. 14 (UPI) -- A bailout plan for beleaguered U.S. automakers is unlikely before the end of the year as Democratic congressional leaders say they don't have the votes.
WASHINGTON, Oct. 22 (UPI) -- Setting up rules for the $25 billion federal loan recently earmarked for the U.S. automobile industry may take months, government officials said.
In this month of financial turmoil, the Big Three automakers and low-income families have a reason to celebrate today, following the finalization of an act that provides capital for efficient cars and utility payments.
WASHINGTON, July 18 (UPI) -- The National Academies of Science has recommended the United States spend $200 billion to speed up deployment of hydrogen-powered cars.
CHICAGO, Aug. 15 (UPI) -- U.S. automakers say proposed fuel-efficiency standards would cost billions and risk jobs if they had to stop making their biggest, most profitable models.
CHICAGO, March 25 (UPI) -- The Federal Aviation Administration is investigating two near-collisions during the past week at Chicago's O'Hare International Airport.
ST. PAUL, Minn., Sept. 8 (UPI) -- A federal inspector has been reassigned after raising safety concerns about Northwest Airlines during a mechanics' strike against the carrier.
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