Word: detroit
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Dates: during 1980-1989
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...progress in housing integration. In 1980 housing in the 16 metropolitan areas with the largest black populations was rated 80 on a 0-to-100 scale on which 100 meant total segregation. These discriminatory patterns cannot be explained only by black- white economic differences. In New York, Chicago and Detroit, black college graduates are about as likely to live in segregated neighborhoods as black high school dropouts...
Inventories of unsold cars have swollen to 1.8 million vehicles. At current sales levels, that is a 75-day supply, well above what is considered healthy, and Detroit is finally acknowledging the sharp downturn in demand and cutting production plans for the rest of the year. Output at General Motors assembly plants in the third quarter will be the lowest of any July-September period in 19 years, Chrysler's the smallest in a decade. While none of the automakers are scheduling long-term shutdowns, many workers are being idled for the first time since the last recession. Ford, which...
...least partly the result of selling so many cars in the past few years. "The fleet is quite young, the warranties are longer, and the quality is better. People don't feel a pressing need for new cars," says Arvid Jouppi, who follows the industry for Keane Securities in Detroit. The boom has flooded the market with used cars, which are now selling at a steep discount, making them a more attractive alternative to new models. A two-year- old Ford Tempo, for example, sells for $3,500 less than...
...Chairman Alan Greenspan acknowledges the threat of a recession and Detroit faces slumping car sales, economists debate how painful the slowdown may become...
...Hornik, Jay Peterzell, Michael Riley, Elaine Shannon, Dick Thompson, Nancy Traver New York: Joelle Attinger, Janice C. Simpson, Richard Behar, Eugene Linden, Thomas McCarroll, Naushad S. Mehta, Marguerite Michaels, Priscilla Painton, Raji Samghabadi, Martha Smilgis Boston: Robert Ajemian, Sam Allis, Melissa Ludtke Chicago: Gavin Scott, Barbara Dolan, Elizabeth Taylor Detroit: S.C. Gwynne Atlanta: Joseph J. Kane, Don Winbush Houston: Richard Woodbury Miami: James Carney Los Angeles: Jordan Bonfante, Jonathan Beaty, Scott Brown, Elaine Dutka, Cristina Garcia, Jeanne McDowell, Sylvester Monroe, James Willwerth San Francisco: Paul A. Witteman