U.S. Car Industy's Electric Investment

All three US companies are in even greater need of investment than the aging Cobo centre itself.

Published: 13-Jan-2010

The Cobo Center which hosts the annual Detroit motor show is in dire need of investment

The ageing building on the bank of the Detroit river is losing ground to rival venues in other US cities, so a plan to inject $288m (£180m) to spruce up the place was recently given the go-ahead by the city council.

Deciding to spend money on a convention centre that depends so heavily on the revival of the automotive industry was obviously a tough call, given that two of the US car companies that used to be known as the Big Three filed for - then emerged from - bankruptcy last year.


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