Is the worst over for Detroit?

Is the worst over for Detroit? No one person can say for sure but this article gives a glance into what the Detroit are has had to endure the past few years and what could be on the horizon!

From MSN.com:

At last, sales of American-made vehicles are rising — and with them hopes that Detroit and southeast Michigan can start to dig out of the deep economic hole that swallowed the region in 2008.

And what a hole it’s been. For almost three years, Michigan has had the highest unemployment rate in the nation. Two of Detroit’s Big Three automakers in 2009 needed billions in federal bailout money to stay in business and drastically downscaled their operations. Plants, dealerships and parts suppliers closed. The city of Detroit, feeling the loss of tax revenues from the auto industry, grappled with insolvency.

Read the full article here.


Photo from fOTOGLIF

  

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