Detroit, Five Years After Bankruptcy [Forbes]
Ford Motor Company (F)
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Source: Forbes
Pete Saunders Contributor i Jul 19, 2018, 01:36pm #Economy Bill Ford, executive chairman of Ford Motor Co., speaks during an event at the Michigan Central Station in the Corktown neighborhood of Detroit, Michigan, U.S., on Tuesday, June 19, 2018. Ford will redevelop the former train depot as part of a new downtown campus for autonomous and electric vehicle businesses. Photographer: Jeff Kowalsky/Bloomberg Five years ago this week, news reports blared about Detroit's descent into bankruptcy. As the city filed at that time, many viewed it as perhaps the final nail in the city's coffin, the last step in the demise of a once great American city. The New York Times said it well: The decision, confirmed by officials after it trickled out in late afternoon news reports, also amounts to the largest municipal bankruptcy filing in American history in terms of debt. “This is a difficult ste
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