🇺🇸 Collapsing Auto Industry in Detroit | Fault Lines
🇺🇸 Collapsing Auto Industry in Detroit | Fault Lines
As the US auto-industry continues to teeter on the verge of collapse, Fault Lines visits Detroit – Motor City – which, understandably, is one of the hardest hit places by the downturn.
But this is not the first time the Michigan city has faced hardship. Even before the financial crisis exploded, Detroit had the highest home foreclosure rate in the country.
It also has highest unemployment rate of any major US city and in the auto sector alone, one in three jobs has vanished since the recession began.
In Washington, president Barack Obama’s auto task force is re-engineering the fates of General Motors and Chrysler, and the millions of people who depend on their survival.
Avi Lewis meets the people who live with the consequences of the deals struck in the nation’s capital.
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Wow
Bankers are all crooks
so full of drugs and crime
16:27
For who exactly?! Anything ‘new’ coming to Detroit is going to cost money and the poor that live there won’t be able to pay the roi demanded by those who brought it there. Or put simply: new has yet to not mean gentrification!
Evefhbodt vehivcles
If I was born in Netherlands in 1950 I would try my hardest to get through school and try to start-up my own vehicle manufacturing company in 1970. I would want to make Sport Utility Vehicles, Trucks, Books, Equipment, Firearms, Tools, and so on. I would make them able to go off-road and also reliable too.
I can dig it!
Gm is moving to China but when they have trouble they run to the US taxpayer for help something that bothers me quite a bit.
LottsAmerican bros sick of what Detroit has done to American cars..small,ugly no style, no chrome, Detroit GET IN POLITICS AND MAKE LAWS TO KEEP YOU SAFE, AND FOR GOD’S SAKE START MAKING BIG LONG BEAUTIFUL CARS !
It’s half-a-century after the Moon landing. I have not been to an auto show in over 40 years. I have never owned a new car. Notice that economists do not talk about what consumers lose on depreciation every year on automobiles. The laws of physics don’t change style.
I blame the Union’s
why did white flight occur in Detroit has anyone ever studied that issue?
Copart salvage vehicles are causing inflation in America. For over two decades salvage vehicles have progressively been swarming our highways and streets without notice competing with the vehicle industry. Having hundreds ofthousands of people buying salvaged vehicles for profit devalue the market and has been a rising concern. Mexico car industry has crashed in regards to inflation due to Copart salvage vehicles and the united States is Next.
Lakes yacthsz
Trump was right
Yea this was during Obama, things have changed for the better
1st. You telling me you work for GM for over 20yrs and you didn’t save no money? 2nd. How you went bankrupt after 1yr GM close? Ppl don’t need a job they need to be financial education.
I grew up in LosAngeles, far far away from brick bldgs, gothic architecture and car manufacturers. LA may not be in the best shape either but I will say we learned to network, do what you say, and leave it better than when you got it. (maybe not all of us, but I am blessed)
I wonder if the public housing was nice to live in public housing in Baltimore wasn’t the best, but the lady in this video seems like she really liked living over there. Did they build new public housing or did the people leave with the closing of the plants ?
6:40 *WHAT?!* i know this video is old but how was that even possible?!
And We are Back again with the same old ship 🛳 sailing into the 2020
I feel for the people of Detroit, the so called managers of the economy have let people down with mismanagement and yet they still want people to listen to them while the economy falls to pieces, GM has closed its Australian manufacturing business and for me its good riddance to GM, go home, we don’t need a US company gouging our economy asking for handouts to the tune of 2 billion taxpayer dollars over the years and leaves anyway.
THE USA is falling first the MINI ICE AGE then the fall will come ?/ it is happening all over the world
THEY need to grow lots of herbs
BUT IT’S O.K. TO POISON ME AND MANY OTHERS.I HAVE SEEN MANY PEOPLE DIE IN THE PLANT.JUST TO HAVE
HYDRA-MATIC G.M. SAY YOU DIED AT THE HOSPITAL.313
THANK YOU N.A.F.T.A. THANK YOU D.C. FOR SELLING OUT THE AMERICAN PEOPLE.
chevy vega, chevy citation, pontiac aztec, cadillac cimmeron, ford pinto, edsil, gm 8/6/4, gm diesel converted from gas engines, and pure lack of quality control. Tell me again how the us car companies are failing????
The dream has been destroyed and now we to make a new dream. Who, where, when is the unanswered and what are we going to do is the question. This is a beginning.
It’s same around the world ,factory s. From developed countries moving to countries where it’s cheaper to manufacture products.
Live healthy done eat meat or very LITTLE of it are forefathers never ate much meat and lived mostly 35 years longer than us FACT
T
A le the buses i did lady greedy
US and whole no places in this World make any car . US is big mouths . Proof at US more than 99.99999% population are living by welfare under name FINANCIAL . Discovered in 2010 by The New York Times .
Kill the UAW…. While American cars gave been poorly made, they are often still very profitable….. But the union pensions are unsustainable. I know the pain of losing the pensions these folks counted on, but the sheer cost of these programs were never going to work as more and more people retired and they never should have been agreed to. But GM was bailed out with the same fundamental union model that broke it in the first place and they will find themselves there again or the jobs will move to Mexico. Obama and the Democrats refused to let the UAW take a haircut throughout this whole thing for purely political reasons.
Nafta and bill Clinton had a lot to do with the destruction of Detroit
A similar thing is happening in the uk fords that sold best selling cars shut the dagenham plant down thousands of jobs gone never to return they are now building thousands of house’s of the ford land such a shame ford built Dagenham god bless us all ”’ good luck to all the Americans that lost jobs and house’s
industrial capitalism seems to be working out well for Texas, seems to me Detroits problems set in when the capitalists were forced out of business by corrupt politicians.
All their products were junk and poorly assembled. The unions protected the absolute worst workers in the world who regularly did drugs and drank on the job. There were numerous books and articles written about misconduct on the line. You were advised as to what car you should buy based on the day it came off the line because worker productivity was only worth a darn on a Wednesday. The American unionized worker is far inferior to its Asian and European counterparts and it is because of the unions. That being said the unions were the least of the many problems that Detroit created for itself. Go to Hiroshima and go to Detroit and ask yourself, who really won the war.
When the government steps in and tells private industry, who and how many to hire and they cant be run off and the employer has to hire another 20% to make up for the first 20% that wont produce and cant be run off !dont do much for the bottom line ! USUALLY WHEN THE EMPLOYER DONT MAKE A PROFIT NOBODY HAS A JOB LONG !
Hi
That lady is amazing for insight
Robots took a lot of jobs ///they do it in all factories
Bring yr skills to afrika there is plenty of room to create jobs instead of waiting on the Europeans to give you something you will not feel no cold no fear of winter afrika is waiting for you all the pink Europeans has finished with u all you are like a news paper that has been red now they have put u in the trashcan
Detroit is destroyed
This is what happens when you base an entire economy on one thing
Capitalism works best with Christian Ethics at its base, the myth of the American dream without an ethos of sharing and caring for the whole community is pretty much at the root of the problem .
Problem with US management is fhat it is based on greed.
It’s a shame they have been sabotaging Electric cars for so long, now it’s too late for them I suspect.
They have made inferior products for years. Especially Dodge & Ram .Freaking Junk . And made gas guzzlers for years. The economy collapsing in2008 didn’t help one bit . Thanks you wall-street and banks. George Carlin had a great plane for the bankers. CHOP OFF THERE HEAD !!!! Nine Freaking Kids !!!! Idiots !!!!
The unions ruined the American auto industry
Dope
Grace Lee Boggs rocks!