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.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

BYD Found Wang with David Sokol at 2009 Detroit auto show. Photo credit: EV World.com

Chairman of MidAmerican Holdings speaks of his firm's $232 million investment in Chinese electric carmaker BYD.

Camille Jenatzy was first to break 100km/hr speed barrier in his 1899 electric car, La Jamais Contente.

Former Pirelli Tire North America CEO addresses local Rotary Club.

Roadster #750 completes road trip to Detroit despite winter driving conditions and heavy snow.

Telsa will donate the full value of production car VIN 1,000 to charities.

READER COMMENTS

blog comments powered by Disqus