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Detroit

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  • Detroit Defaults     Friday, 14 Jun 2013 | 2:00 PM ET

    The city of Detroit is defaulting on $2.5 billion in debt. It's part of the city's attempt to reinvent itself and get on solid financial footing. It will impact retirees and current city workers, reports CNBC's Mary Thompson.

  • US Treasury to Sell 30 Million More GM Shares Wednesday, 5 Jun 2013 | 8:47 AM ET
    U.S. Treasury

    The Treasury Department says it will begin another round of sales of the General Motors stock it acquired during the government's bailout of the auto industry.

  • US Truck Consumption Recovering: Pro     Monday, 3 Jun 2013 | 5:00 AM ET

    Itay Michaeli, auto analyst at Citi, says May should be a "pretty good month" for truck sales which should benefit Detroit makers and says there is "so much pent up demand left".

  • Six Weeks Key to Deciding Detroit's Bankruptcy Fate Sunday, 19 May 2013 | 5:24 PM ET

    There's a lot on the agenda as Detroit's emergency financial manager tries to meet a deadline to decide whether the city and escape a bankruptcy filing.

  • Detroit Emergency Manager: City 'Clearly Insolvent' Monday, 13 May 2013 | 4:40 PM ET

    Emergency Financial Manager in a report issued on Monday presented a review of Detroit's problems, from gaping budget deficits to a crushing debt load and said the city is insolvent.

  • 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.

  • Power House: Motor City Real Estate     Thursday, 25 Apr 2013 | 1:55 PM ET

    What can your money buy you in Detroit, Michigan? Jeff Glover, JeffGloverSells.com, weighs in.

  • High-End Watchmaker Puts a New Face on Detroit Wednesday, 10 Apr 2013 | 2:41 PM ET
    Shinola Watches in Detroit.

    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.

  • Setting Up Shop In Detroit     Wednesday, 10 Apr 2013 | 1:50 PM ET

    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.

  • Shinola: The New Detroit     Wednesday, 10 Apr 2013 | 11:43 AM ET

    One company wants to put a new face on "Motown," reports CNBC's Mary Thompson

  • Buy General Motors or Ford?     Monday, 25 Mar 2013 | 2:33 PM ET

    Are U.S. automakers back? Michael Ward, Sterne Agee auto analyst, explains why he is betting big on Detroit.

  • GM Recalls 33,700 Vehicles to Fix Software Wednesday, 20 Mar 2013 | 10:31 AM ET
    GM 2013 Cadillac SRX Luxury Crossover

    GM recalls some 2013 Buick LaCrosse and Cadillac SRX vehicles to fix a software issue that could increase the risk of a crash.

  • S&P Gives Detroit Takeover the Thumbs Up Friday, 15 Mar 2013 | 5:15 PM ET
    Michigan Governor Rick Snyder and Detroit Mayor Dave Bing

    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 Tapped to Run Detroit Thursday, 14 Mar 2013 | 4:05 PM ET
    Kevyn Orr

    Bankruptcy lawyer Kevyn Orr was named Detroit's emergency financial manager.

  • Auto Bankruptcy Lawyer Next Detroit Manager: Source Tuesday, 12 Mar 2013 | 4:34 PM ET
    Michigan Governor Rick Snyder and Detroit Mayor Dave Bing

    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.

  • Motown's Financial Blues     Friday, 1 Mar 2013 | 7:40 PM ET

    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.

  • Chrysler's Future According to Marchionne Thursday, 28 Feb 2013 | 4:40 PM ET
    Sergio Marchionne, Chairman and CEO , Chrysler Group LLC.

    Nearly four years after taking over Chrysler, Sergio Marchionne is ready to take the Detroit automaker to the next level.

  • Want a New Car? You Probably Can't Afford One Wednesday, 27 Feb 2013 | 9:08 AM ET
    A customer looks over a Ford Fusion parked on the lot at a dealership in Colma, Calif.

    Median-income families in only one major U.S. city actually can afford to buy a new car, a new study finds.

  • GM's Wi-Fi Move Brings the Connected Car Closer Monday, 25 Feb 2013 | 3:34 PM ET

    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.

  • Detroit's Financial Crisis Now in Governor's Hands Wednesday, 20 Feb 2013 | 9:38 AM ET
    Governor Rick Snyder

    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.