GM's $200 Million American Axle Bailout Offer Could Signal End of 10-Week-Long Strike

SUGAR LAND--May 12, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--On Thursday, General Motors Corporation (NYSE:GM) (Detroit, Michigan) made a limited-time offer of a $200 million bailout aimed to end the 10-week-plus American Axle & Manufacturing Incorporated (NYSE:AXL) (Detroit) by the United Auto Workers (UAW) union (Detroit).