TAGGED UNDER: Economy & Finance

Detroit comes back to life

Raleigh Addington
Raleigh Addington
editor at Chartwell Speakers

Fascinating piece by the BBC’s Paul Mason on what’s happened to GM since the US government spent $89bn bailing out GM and Chrysler: new robots on the factory floor, less jobs and the unions now own 11% of the business. And a massive row between pro-bail-out Democrats and the Republicans like Mitt Romney who argued that Detroit should have been allowed to fail.