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Detroit Essay Topics & Paper Examples

Detroit bankruptcy

The City of Detroit bankruptcy is a historical event since the city of Detroit is one of the largest cities ever filed for bankruptcy. However, the court trial will decide after considering all the facts and testimonials, if City of Detroit will qualify for bankruptcy. City of Detroit has filed for bankruptcy mainly because of financial factors such as expenditures were higher than revenues, the high level of debts and bad management. In the audit report issued for the 2012 there were many qualified and adverse opinions with regards to the financial statements. The fact that City of Detroit filed for bankruptcy, as hard as it might be, would give the city a new start and a new way of…

General Motors

General Motors Company, known as GM, was founded in 1908 in Flint, Michigan by William C. Durant and Charles Stewart Mott. The present chairman and CEO is Daniel Akerson. Akerson joined GM’s board in 2009 as the company went through a bankruptcy reorganization. He became CEO Sept. 1, 2010, and led GM’s 2010 return to the stock market — at the time the largest initial public offering in U.S. history (Detroit Free Press, 2013). The headquarters for GM is presently located in Detroit, Michigan. GM specializes in designing, manufacturing, marketing and distributing cars, trucks and vehicle parts. The brands under GM include Chevrolet, Buick, GMC, Cadillac, Baojun, Holden, Isuzu, Jie Fang, Opel, Vauxhall and Wuling. GM employs over 200,000 people…