As Motor City stalls, Hockeytown's Red Wings soar

* The pride of 'Hockeytown'

* Giving Detroit something to cheer about

By Nick Carey

DETROIT, May 31 (Reuters) - All that separates the headquarters of U.S. automaker General Motors Corp GM.N and the ice hockey arena where the Detroit Red Wings play is a 10-minute walk along the banks of the Detroit River.

But the two organizations are worlds apart.

The Red Wings are on the cusp of renewed glory, vying for a second consecutive Stanley Cup, the trophy symbolizing the National Hockey League championship. They have won it four times since 1997.

The team is playing the Pittsburgh Penguins in a rematch of last year's best-of-seven finals that Detroit won four games to two. The Red Wings won the first game in this year's series on Saturday.

GM, on the other hand, is headed for an expected bankruptcy filing on Monday as the U.S. recession and the lack of easy credit have hammered sales.

Faced with a slumping economy -- Michigan's 12.9 percent unemployment rate in April was the nation's highest -- the Red Wings have become a rare symbol of hope and success for the greater Detroit area of several million people.