As if Things Couldn’t Get Any Worse in Detroit …

   The city of Warren, Michigan is making a bid for bankruptcy-bound General Motors, The Free Press is reporting.

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   The Detroit suburb is home to GM’s Tech Center.

   Multiple news organizations are reporting the embattled auto giant is considering leaving the Motor City.

   GM purchased its glass-towered headquarters building, Detroit’s Renaissance Center, for $625 million last year.

   Meanwhile in Youngstown today, workers at the Lordstown Plant were awaiting the results of negotiations over concessions. Retirees told The Vindicator, the deal could have been worse, but there’s no guarantee the contract will survive bankruptcy.

   Also, part suppliers everywhere are filing for Chapter 11.

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Filed under U.S. Auto Industry

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