Detroit goes bankrupt

Detroit has filed for bankruptcy, with debts of at least $15bn. The city in Michigan grew as the centre of the world’s car industry with GM, Ford and Chrysler all headquartered there. It has long been called Motor City or Motown. The city has suffered as the companies have expanded elsewhere leaving something of a […]

Source: http://joesaward.wordpress.com/2013/07/19/detroit-goes-bankrupt/

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