Monday 28 January 2013

Analysis: Stuck in reverse, Detroit edges closer to bankruptcy

DETROIT (Reuters) - At the Detroit Auto Show earlier this month, luxury was in the air. Pricey new Bentleys and Maseratis glittered - including a Maserati 2014 Quattroporte with a $132,000 price tag; U.S. Cabinet Secretaries and dignitaries rubbed shoulders; and many of the well-heeled attendees ponied up for a $300-a-ticket black-tie charity ball.

Source: http://feeds.reuters.com/~r/reuters/MostRead/~3/MxJDDxxbJLc/us-usa-detroit-bankruptcy-idUSBRE90R13O20130128

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