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The decline of Detroit; and the american car industry.
Topic Started: Jun 12 2007, 09:12 PM (260 Views)
Steelstallions
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http://news.bbc.co.uk/1/hi/business/6346299.stm

Quote:
 
Now there are only 6,000 GM workers in Flint, compared to 100,000 at the peak, and the town and workers are suffering.

"Flint has the highest rate of unemployment, poverty and homelessness in Michigan


sobering thought when the latest news is that Ford also want to sell off Jaguar and Land rover

http://news.bbc.co.uk/1/hi/business/6741809.stm

Quote:
 
Car firm Ford has briefed politicians that it is planning to sell its British luxury car marques, Jaguar and Land Rover, the BBC has learned.
Ford, which has been cutting costs in a bid to offset declining sales, is expected to make an official announcement in the next few days.



If you told this story in 1955, nobody would have beleived you.
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