Tags: US | Detroit | Clouds | Lifting

Auto Industry Gains Are Lifting Detroit's Spirits

Friday, 30 Apr 2010 02:45 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

In Detroit, a city all too familiar with bad economic news, the past week has brought some good news for a change.

Ford announced $2.1 billion in earnings, General Motors said it would pour millions into investments at auto plants around the country and Chrysler reported a drop in losses.

Some current and ex-auto workers, local residents and even restaurant owners say any successes by Detroit's carmakers are reasons for optimism in the oft-maligned city.

Ford electrician Rick McDonald says the carmaker's successes mean a little more job security, and employees who cut back on spending over the lean period may start to change those habits.

Even so, residents are realistic about what hope means. The car companies aren't promising new jobs, despite their recent progress.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

General to Decide 'Appropriate Action' in Bergdahl Case

Monday, 22 Dec 2014 14:45 PM

The U.S. Army said on Monday it sent findings from an investigation into Sergeant Bowe Bergdahl's 2009 disappearance fro . . .

Rep. Michael Grimm to Plead Guilty in Tax Fraud Case

Monday, 22 Dec 2014 15:37 PM

Rep. Michael Grimm of New York is expected to plead guilty on Tuesday to resolve federal tax fraud and other charges, a  . . .

Rights Groups Want Special Prosecutor to Probe CIA Tactics

Monday, 22 Dec 2014 15:05 PM

Civil rights groups on Monday called on the U.S. Justice Department to appoint a special prosecutor to investigate the C . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved