Close
Log in
Please enter your login details

Skip to main content

Breaking News
  • Iraq: British Tornado jets launch their first attacks against ISIL targets
Detroit: Bailing out the American Dream

Detroit, better known as the Motor City or simply Motown, is  a city which for decades stood as a symbol of the American dream.
 
Ford, General Motors and Chrysler, also called the ‘big three’ car makers, turned Detroit into the heart and soul of America’s manufacturing industry for most of the 20th century.
 
But today, Detroit is now a new symbol. One of a US economy still struggling to recover from its worst crisis since 1929 – a crisis so serious that the government in Washington gave the country’s car manufacturers an $80 billion (64 billion euro) bailout.
 
And despite signs that this bailout has been a success, for many Americans, the struggle is still not over.
 
Watch our story in this edition of Reporter

Copyright © 2014 euronews

More about: