While Detroit has changed much for the better in terms of start-up activity and economic diversification, its renaissance is also circling back to the four-wheeled heritage the city was built on.
Excerpt:
"Detroit's boom-and-bust history was built on a dependence on big, fuel-thirsty vehicles. Now, with freshly stocked showrooms of new cars and more-efficient trucks, U.S. automakers are gaining ground on their Asian competitors with the best lineup in a generation.
"No matter what the economy does, no matter what fuel prices are, I've got a car for all seasons," said Chuck Eddy, a Chrysler dealer in Youngstown, Ohio, who is seeing sales boom for Dodge Dart compact cars and Ram 1500 pickups. "I didn’t have that in ’09."
"Detroit is arguably much more competitive than they have been, from the broad spectrum of their lineup, in a decade or more," said Jeff Schuster, an analyst with researcher LMC Automotive. "Right now, Detroit has the momentum."
More
here.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.