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FRIDAY, NOVEMBER 27, 2009
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Downtrodden Detroit

Started by S Goldstein; Last updated by K Schwartz

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Downtrodden Detroit

Can American carmakers rev up their engines? Or will buyers continue to speed away from Motor City?

Stories

Stories 341 - 342 of 342

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  • April 2007

    • Kerkorian Offers $4.5 Billion For Chrysler

      Detroit Free Press  |  Apr 5, 07 4:18 PM CDT

      Kerkorian Offers $4.5 Billion For Chrysler

      (Newser) - Beverly Hills billionaire Kirk Kerkorian has offered to buy the Chrysler group for $4.5 billion. Kerkorian's investment company, Tracinda Corp., can pay cash for the ailing automotive giant, and is pitching an extra $100 mil for an exclusive two-month period to run due diligence. Tracinda told parent DaimlerChrysler it can work with both management and the UAW, which would have an equity stake. More »

    • DaimlerChrysler Wants Divorce

      Detroit Free Press  |  Apr 4, 07 4:22 PM CDT

      DaimlerChrysler Wants Divorce

      (Newser) - DaimlerChrysler is trying to unload its clunky Detroit half, its CEO (and occasional company mascot) Dieter Zetsche confirmed at a shareholder's meeting today. The news, which comes after nearly two months of eager speculation, was a relief to frustrated German shareholders, who have long seen Chrysler as a drag on the Daimler-Benz brand. Now Chrysler just needs to find a suitor. More »

Stories 341 - 342 of 342

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(FILES) This file photo dated 07 January, 2007 shows cars from...
(FILES) This file photo dated 07 January, 2007 shows cars from...   (Getty Images)
United Auto Workers union President Ron Gettelfinger addresses the media at the UAW Solidarity House in Detroit, in this May 14, 2007 file photo. Gettelfinger said Monday, June 18, 2007 that the union must offer health care concessions to Chrysler similar to those it gave Ford Motor Co. and General...
United Auto Workers union President Ron Gettelfinger addresses the media at the UAW Solidarity House in Detroit, in this May 14, 2007 file photo. Gettelfinger said Monday, June 18, 2007 that the union...   (Associated Press)
The Ambassador Bridge is shown in an aerial photograph looking from the Detroit side to the Windsor, Ontario, side Nov. 2, 2005. A new bridge could soon connect Detroit to Windsor, one of North America's busiest border crossings. Who will own it and when exactly it will be built comes...
The Ambassador Bridge is shown in an aerial photograph looking from the Detroit side to the Windsor, Ontario, side Nov. 2, 2005. A new bridge could soon connect Detroit to Windsor, one of North America's...   (Associated Press)
(FILES) The DaimlerChrysler Dodge trucks wait at a storage site...
(FILES) The DaimlerChrysler Dodge trucks wait at a storage site...   (Getty Images)
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Related Threads

Auto Industry  •  General Motors  •  Chrysler  •  Ford  •  Kick the Tires  •  A Billion Here...  •  On Strike  •  Going Green  •  DaimlerChrysler Split  •  Private Equity


Background


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Economy (of Detroit)
Wikipedia

Detroit and the surrounding region constitute a manufacturing powerhouse, most notably as home to the Big Three automobile companies, General Motors, Ford, and Chrysler. The city is an important center for global trade with large international law firms having their offices in both Detroit and Windsor....

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Recommended Reading

Detroit

City of Detroit
City of Detroit

Big Three

Chrysler
Chrysler Official Site

Ford Motor Company
Ford Motor Company

General Motors
General Motors