236 results

A bankrupt city
  • US
  • July 25, 2013, 05:00

For years the bankruptcy of Detroit, Michigan’s largest city, was a financial accident waiting to happen. Last week it finally did. With debts of more(...)

Detroit, once the symbol of American industrial might, has become the biggest US city to file for bankruptcy, its finances ravaged and its neighbourho(...)

Renault is trying to kill the people carrier. No, I have no crystal ball and there’s nothing in my prediction other than educated guesswork. Still, th(...)

Fiat’s trading profit declined to €618 million from €806 million a year earlier, the company said. Photograph: Reuters/Mansi Thapliyal

Fiat, the Italian automaker that controls Chrysler Group, said first-quarter profit fell 23 per cent on costs for new Jeep model rollouts. (...)

Kevyn Orr addresses the media, as Detroit Mayor Dave Bing (l) listens, after Michigan Governor Rick Snyder (r) announced Mr Orr as emergency financial manager for the city of Detroit. Photograph: Rebecca Cook/Reuters

A veteran lawyer who once worked on Chrysler's bankruptcy has been handed what may prove to be his toughest case yet: to bring Detroit back fro(...)

A small four-door coupé from Mercedes-Benz sounds like a niche model. Yet there’s nothing niche about the ambitions for CLA in the eyes of Merc(...)

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