The End Of Detroit

Download or read book The End of Detroit written by Micheline Maynard and published by Crown Currency. This book was released on 2003-09-23 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth, hard-hitting account of the mistakes, miscalculations and myopia that have doomed America’s automobile industry. In the 1990s, Detroit’s Big Three automobile companies were riding high. The introduction of the minivan and the SUV had revitalized the industry, and it was widely believed that Detroit had miraculously overcome the threat of foreign imports and regained its ascendant position. As Micheline Maynard makes brilliantly clear in THE END OF DETROIT, however, the traditional American car industry was, in fact, headed for disaster. Maynard argues that by focusing on high-profit trucks and SUVs, the Big Three missed a golden opportunity to win back the American car-buyer. Foreign companies like Toyota and Honda solidified their dominance in family and economy cars, gained market share in high-margin luxury cars, and, in an ironic twist, soon stormed in with their own sophisticatedly engineered and marketed SUVs, pickups and minivans. Detroit, suffering from a “good enough” syndrome and wedded to ineffective marketing gimmicks like rebates and zero-percent financing, failed to give consumers what they really wanted—reliability, the latest technology and good design at a reasonable cost. Drawing on a wide range of interviews with industry leaders, including Toyota’s Fujio Cho, Nissan’s Carlos Ghosn, Chrysler’s Dieter Zetsche, BMW’s Helmut Panke, and GM’s Robert Lutz, as well as car designers, engineers, test drivers and owners, Maynard presents a stark picture of the culture of arrogance and insularity that led American car manufacturers astray. Maynard predicts that, by the end of the decade, one of the American car makers will no longer exist in its present form.

Download or read book The Sack of Detroit written by Kenneth Whyte and published by Knopf. This book was released on 2021-06-01 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Vigorous, provocative... The Sack of Detroit is compelling, bold and stylishly written." —Barbara Spindel, The Wall Street Journal A provocative, revelatory history of the epic rise—and unnecessary fall—of the U.S. automotive industry, uncovering the vivid story of innovation, politics, and business that led to a sudden, seismic shift in American priorities that is still felt today, from the acclaimed author of Hoover In the 1950s, America enjoyed massive growth and affluence, and no companies contributed more to its success than automakers. They were the biggest and best businesses in the world, their leadership revered, their methods imitated, and their brands synonymous with the nation's aspirations. But by the end of the 1960s, Detroit's profits had evaporated and its famed executives had become symbols of greed, arrogance, and incompetence. And no company suffered this reversal more than General Motors, which found itself the main target of a Senate hearing on auto safety that publicly humiliated its leadership and shattered its reputation. In The Sack of Detroit, Kenneth Whyte recounts the epic rise and unnecessary fall of America's most important industry. At the center of his absorbing narrative are the titans of the automotive world but also the crusaders of safety, including Ralph Nader and a group of senators including Bobby Kennedy. Their collision left Detroit in a ditch, launched a new era of consumer advocacy and government regulation, and contributed significantly to the decline of American enterprise. This is a vivid story of politics, business, and a sudden, seismic shift in American priorities that is still felt today.

Download or read book Detroit Hustle written by Amy Haimerl and published by Running Press Adult. This book was released on 2016-05-03 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Journalist Amy Haimerl and her husband had been priced out of their Brooklyn neighborhood. Seeing this as a great opportunity to start over again, they decide to cash in their savings and buy an abandoned house for 35,000 in Detroit, the largest city in the United States to declare bankruptcy. As she and her husband restore the 1914 Georgian Revival, a stately brick house with no plumbing, no heat, and no electricity, Amy finds a community of Detroiters who, like herself, aren't afraid of a little hard work or things that are a little rough around the edges. Filled with amusing and touching anecdotes about navigating a real-estate market that is rife with scams, finding a contractor who is a lover of C.S. Lewis and willing to quote him liberally, and neighbors who either get teary-eyed at the sight of newcomers or urge Amy and her husband to get out while they can, Amy writes evocatively about the charms and challenges of finding her footing in a city whose future is in question. Detroit Hustle is a memoir that is both a meditation on what it takes to make a house a home, and a love letter to a much-derided city.

Download or read book The End of Detroit written by Micheline Maynard and published by Crown Currency. This book was released on 2004-09-21 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth, hard-hitting account of the mistakes, miscalculations and myopia that have doomed America’s automobile industry. In the 1990s, Detroit’s Big Three automobile companies were riding high. The introduction of the minivan and the SUV had revitalized the industry, and it was widely believed that Detroit had miraculously overcome the threat of foreign imports and regained its ascendant position. As Micheline Maynard makes brilliantly clear in THE END OF DETROIT, however, the traditional American car industry was, in fact, headed for disaster. Maynard argues that by focusing on high-profit trucks and SUVs, the Big Three missed a golden opportunity to win back the American car-buyer. Foreign companies like Toyota and Honda solidified their dominance in family and economy cars, gained market share in high-margin luxury cars, and, in an ironic twist, soon stormed in with their own sophisticatedly engineered and marketed SUVs, pickups and minivans. Detroit, suffering from a “good enough” syndrome and wedded to ineffective marketing gimmicks like rebates and zero-percent financing, failed to give consumers what they really wanted—reliability, the latest technology and good design at a reasonable cost. Drawing on a wide range of interviews with industry leaders, including Toyota’s Fujio Cho, Nissan’s Carlos Ghosn, Chrysler’s Dieter Zetsche, BMW’s Helmut Panke, and GM’s Robert Lutz, as well as car designers, engineers, test drivers and owners, Maynard presents a stark picture of the culture of arrogance and insularity that led American car manufacturers astray. Maynard predicts that, by the end of the decade, one of the American car makers will no longer exist in its present form.

Download or read book Detroit Resurrected: To Bankruptcy and Back written by Nathan Bomey and published by W. W. Norton & Company. This book was released on 2016-04-25 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: What happens when an iconic American city goes broke? At exactly 4:06 p.m. on July 18, 2013, the city of Detroit filed for bankruptcy. It was the largest municipal bankruptcy in American history—the Motor City had finally hit rock bottom. But what led to that fateful day, and how did the city survive the perilous months that followed? In Detroit Resurrected, Nathan Bomey delivers the inside story of the fight to save Detroit against impossible odds. Bomey, who covered the bankruptcy for the Detroit Free Press, provides a gripping account of the tremendous clash between lawyers, judges, bankers, union leaders, politicians, philanthropists, and the people of Detroit themselves. The battle to rescue this iconic city pulled together those who believed in its future—despite their differences. Help came in the form of Republican governor Rick Snyder, a technocrat who famously called himself “one tough nerd”; emergency manager Kevyn Orr, a sharp-shooting lawyer and “yellow-dog Democrat”; and judges Steven Rhodes and Gerald Rosen, the key architects of the grand bargain that would give the city a second chance at life. Detroit had a long way to go. Facing a legacy of broken promises, the city had to seek unprecedented sacrifices from retirees and union leaders, who fought for their pensions and benefits. It had to confront the consequences of years of municipal corruption while warding off Wall Street bond insurers who demanded their money back. And it had to consider liquidating the Detroit Institute of Arts, whose world-class collection became an object of desire for the city’s numerous creditors. In a tight, suspenseful narrative, Detroit Resurrected reveals the tricky path to rescuing the city from $18 billion in debt and giving new hope to its citizens. Based on hundreds of exclusive interviews, insider sources, and thousands of records, Detroit Resurrected gives a sweeping account of financial ruin, backroom intrigue, and political rebirth in the struggle to reinvent one of America’s iconic cities.

Download or read book Detroit written by Charlie LeDuff and published by Penguin. This book was released on 2014-01-28 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: An explosive exposé of America’s lost prosperity by Pulitzer Prize­–winning journalist Charlie LeDuff “One cannot read Mr. LeDuff's amalgam of memoir and reportage and not be shaken by the cold eye he casts on hard truths . . . A little gonzo, a little gumshoe, some gawker, some good-Samaritan—it is hard to ignore reporting like Mr. LeDuff's.” —The Wall Street Journal “Pultizer-Prize-winning journalist LeDuff . . . writes with honesty and compassion about a city that’s destroying itself–and breaking his heart.” —Publishers Weekly (starred review) “A book full of both literary grace and hard-won world-weariness.” —Kirkus Back in his broken hometown, Pulitzer Prize-winning journalist Charlie LeDuff searches the ruins of Detroit for clues to his family’s troubled past. Having led us on the way up, Detroit now seems to be leading us on the way down. Once the richest city in America, Detroit is now the nation’s poorest. Once the vanguard of America’s machine age—mass-production, blue-collar jobs, and automobiles—Detroit is now America’s capital for unemployment, illiteracy, dropouts, and foreclosures. With the steel-eyed reportage that has become his trademark, and the righteous indignation only a native son possesses, LeDuff sets out to uncover what destroyed his city. He beats on the doors of union bosses and homeless squatters, powerful businessmen and struggling homeowners and the ordinary people holding the city together by sheer determination. Detroit: An American Autopsy is an unbelievable story of a hard town in a rough time filled with some of the strangest and strongest people our country has to offer.

Download or read book Detroit written by David Lee Poremba and published by Arcadia Publishing. This book was released on 1999-08-09 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the roaring twenties came to an end and a new decade dawned, the United States found itself locked in the grips of the Great Depression. The City of Detroit was no exception as industry laid off workers and bread lines formed across the city. Detroit Mayor Frank Murphy led the country in supporting state and federal welfare programs to help people through the economic crisis. By the middle of the 1930s, Detroit began picking itself up out of the economic mud and was soon flexing its industrial muscle as manufacturing, led by the auto industry, put the Motor City back into shape. As the decade ended and war approached, the city was ready to take its place on the world stage. The country reeled from the shock of the attack on Pearl Harbor and had to shift its industrial might from civilian use to the war effort. Nowhere was that more evident than in Detroit. Its huge manufacturing capabilities, when turned to the making of the implements of war, earned the city a new nickname. The Motor City became to the Arsenal of Democracy and began to evolve once more. The influx of workers from the Deep South to the war industry added yet another facet to the city's society and culture. As the Second World War came to a close and production re-tooled for the return to civilian life, an economic boom swept through Detroit. The city celebrated its 25oth birthday in 1951, prompting an outpouring of funds to build with. Major additions were made to the Art Institute, the Detroit Historical Museum, and the riverfront.