Detroit: City manager Kevyn Orr files bankruptcy on behalf of city in Federal Court

In the late 1960s, auto companies began opening plants in other cities. Property values and tax revenue fell. In later years, the rise of autos imported from Japan started to cut the size of the U.S. auto industry.

At the time the of the American auto industry melted down in 2009, only a few factories from GM and Chrysler were left. GM is the only one with headquarters in Detroit, though it has huge research and testing centers with thousands of jobs outside the city.

Sources: AFP; Associated Press

Pages: 1 2