Word: detroit
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...staff still assigned to the Hummer continue to work at turning the cast-off brand into an independent company that could continue to sell vehicles around the world. They have lined up a $20.4 million grant from the state of Michigan to put its headquarters in or around Detroit. The grant, however, is contingent on the completion of the deal with Tengzhong Heavy Industrial Machinery, according to Michigan state officials...
...turn around the company's fortunes quickly, and he has indicated the automaker is prepared to drop Hummer if it can't finish the deal relatively soon. "If it doesn't get sold, we'll close it," says a GM official. (See the best cars from the 2009 Detroit auto show...
...financial discipline and entrepreneurial sense on city government - much like New York City's Michael Bloomberg and Denver's John Hickenlooper, two other businessmen turned city executives. But the situation is so dire that, for a change, Bing has no long view - no transformative plan for a future Detroit. "There's no doubt in my mind we've got to think longer term," says Bing. "But that's not today. If we don't handle the problems we've got today, there is no long term...
...pictures of Detroit's horrible, beautiful decline...
...Follow TIME's Detroit reporters on Twitter...