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Cash-Strapped Detroit Avoids Takeover by State Government

Posted April 5th, 2012 at 1:05 am (UTC-5)
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Leaders in cash-strapped Detroit, Michigan have approved a plan that would give the state a bigger role in the city, the historical home of the U.S. auto industry. The state’s governor had threatened to appoint an emergency manger to take control of the city The City Council voted 5-4 Wednesday to approve an agreement between […]

Tags: , , , Posted in Economy, US

Detroit Auto Show Signals Renewed Industry

Posted January 9th, 2012 at 1:40 pm (UTC-5)
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The annual Detroit auto show kicked off on Monday with renewed optimism, as the industry emerges from one of the worst recessions in decades. The North American International Auto show in the U.S. auto capital, Detroit, Michigan opened to the press with more glitz, driven by rising auto sales. The event will open to the […]

Tags: , , Posted in US