Specialized hedge funds which transformed corporate bankruptcies may be poised to descend on another landscape: struggling cities and counties - and no place beckons more than Detroit.
What can your money buy you in Detroit, Michigan? Jeff Glover, JeffGloverSells.com, weighs in.
Five floors above West Milwaukee Street in Detroit, in the old home of General Motors design studio, a small company called Shinola is at work on a big dream. It is bringing high-end watchmaking back to the U.S.
Shinola makes high-end watches and bicycles and is building a factory in Detroit, reports CNBC's Mary Thompson. Workers will assemble the company's 65 different styles of watches there.
One company wants to put a new face on "Motown," reports CNBC's Mary Thompson
Are U.S. automakers back? Michael Ward, Sterne Agee auto analyst, explains why he is betting big on Detroit.
GM recalls some 2013 Buick LaCrosse and Cadillac SRX vehicles to fix a software issue that could increase the risk of a crash.
Standard & Poor's on Friday showed its support for Michigan's takeover of Detroit by upgrading the city's credit rating to "stable" from "negative."
Bankruptcy lawyer Kevyn Orr was named Detroit's emergency financial manager.
Kevyn Orr, the attorney who managed Chrysler's 2009 bankruptcy, is reportedly Michigan Gov. Rick Snyder's top pick to be Detroit's financial emergency manager.
Michigan Governor Rick Snyder formally declared a fiscal emergency in Detroit. Doc Thompson, Detroit Talk Radio Host; Andrew McCarthy, former Federal Prosecutor; and Ari Melber, Nation Magazine, weigh in.
Nearly four years after taking over Chrysler, Sergio Marchionne is ready to take the Detroit automaker to the next level.
Median-income families in only one major U.S. city actually can afford to buy a new car, a new study finds.
GM says starting next year it plans to put 4G LTE technology into millions of its cars, trucks and SUVs in a move that will put “mobile” into automobile.
Governor Rick Snyder has 30 days to decide if Detroit needs an emergency manager to oversee its finances after the city's fiscal situation was deemed a financial emergency.
GM reported fourth quarter earnings on Thursday that fell short of analysts' expectations, as losses in Europe widened and prices in its key North American market softened.
At the Detroit Auto Show earlier this month, luxury was in the air. Pricey new Bentleys and Maseratis glittered - including a Maserati 2014 Quattroporte with a $132,000 price tag; U.S. Cabinet Secretaries and dignitaries rubbed shoulders; and many of the well-heeled attendees ponied up for a $300-a-ticket black-tie charity ball.
The usual explanations for reckless borrowing focus on people's character. But recent research has shown that scarcity by itself is enough to cause this kind of financial self-sabotage.
Cuba has eased travel rules, and General Motors is unveiling its 2014 Chevrolet Corvette Stingray, with CNBC's Michelle Caruso-Cabrera and Stephan Paternot, Slated co-founder & chairman.
Ford's turnaround plan is "clearly working," Ford CEO Alan Mulally said in a First on CNBC interview on Monday from the Detroit Auto Show.