Word: miche
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Dates: during 2000-2009
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...says. Buick City, where he works, was once a vast manufacturing complex more than a mile in length. It's now mostly a desolate field of crushed stone surrounded by parking lots too big for GM's shrinking workforce. If you didn't know you were in Flint, Mich., you might think you were at an old Soviet factory that made nameless products no one really wanted...
...decline, which goes back to the energy crisis of the 1970s, has been accelerating lately, compounded by competition from Japanese and Korean brands, another burst of high gasoline prices, the bankruptcy of its largest parts supplier, Delphi, in Troy, Mich., and perhaps most critically, a glut of SUVs and sedans. For all those reasons, Wall Street is discounting GM's chances of survival. Bearish analysts say there's a 40% chance the company will go bust in a couple of years. "The forces working on the auto industry--not just on GM--are gigantic," says Gerald Meyers, a former chairman...
TIMOTHY C. MARZULLO Ann Arbor, Mich...
...money they raised for us is almost gone. Being up here stopped some of the stress, but we are still a long way from home. We still need help and don't know which way to turn. We pray every night for an answer. Percy Hudson Wixom, Mich...
DENISE COULING South Lyon, Mich...