Word: detroit
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...Detroit More $$$, Please General Motors and Chrysler submitted restructuring reports to the Treasury on Feb. 17, asking the Federal Government for $14 billion in further emergency loans, bringing the total amount that the Detroit automakers have requested to $39 billion. GM says it needs $12 billion more to avoid bankruptcy and announced plans to lay off 47,000 employees and sell or phase out three of its marques--Saturn, Hummer and Saab--and reduce Pontiac to a "highly focused niche brand." Chrysler has asked for $5 billion and plans to cut 3,000 jobs...
...seem to gravitate toward projects that redefine what a genre movie can be. What's the key to shaking things up as a filmmaker? Ryan McClellan, DETROIT...
...pictures of the remains of Detroit...
...pictures of the remains of Detroit...
Czar or no czar, Obama has a genuine crisis boiling up in Detroit. Without major changes in the structure of the industry, the auto business is going to sink under mountainous waves of red ink. GM and Chrysler were in trouble even before the recession tore the bottom out of sales - and Ford's slightly better financial picture has been clouded by nearly $15 billion in losses last year...