Detroit’s Financial Slide Linked to Exodus of Auto Industry

Its nickname is the Motor City, but many of the automobile factories that gave Detroit that moniker are now hard to find inside the city limits.  Detroit’s financial crisis is linked to the exodus of its auto industry, as it failed to achieve the economic diversity that helped other cities avoid bankruptcy.

At the height of Detroit’s boom in the mid 20th century, this plant manufactured Packard automobiles, employing about 40,000 people. 

The promise of good pay and plenty of work …

Powered by WPeMatico

This entry was posted in African News. Bookmark the permalink.

Comments are closed.