Ad Here  
September
October
November
December
January
February
 
 
The green elements... A man who overcame odds… A memorable journey down memory lane Voice against noise Nagappa Chettiar – the leather doyen Why not an introductory price of Rs 20 flat for Metro Rail…. Chennai finds a sister in China Water catches fire! RIP Vaali Tamil Nadu Police and the mystery of Swathi’s murder Inviting investments to Tamil Nadu An ecologist’s delight... Customer friendly UK visas… Light House tour Delhi is distant Madras nalla Madras The road ahead... Rate your civic services Metro by October It is Excellent, Novel and Radical! Digital revolution will alter Indian media Chennai makes more cars than Detroit Power houses at Udyog Bhawan Metro to save realty sector… Doha comes to India The hustle and bustle A professional touch to urban management… Website to decongest traffic Daily Thanthi 75 – what a record spreading interest in news, literacy Book your suburban train ticket through an app
 
Chennai makes more cars than Detroit

Even as Detroit, the acclaimed auto hub of the world, has filed for a US $19 billion bankruptcy protection, Canada, China, Mexico and India have emerged as major alternative hubs for auto manufacture. Facilities in Gujarat, Maharashtra and TN propel India to pole position in the auto race.

    Motown’s slide has been pathetic. Today only 700,000 people inhabit Detroit, which is less than half its 1990 population. Unemployment rate is 18 per cent and the city’s per capita income is down to US $ 15,000 per annum as compared to US $ 46,000 for Seattle. The city has been living with the tag of ‘Most Dangerous City in the World’ for the last 20 years. Motown has only one operating plant today. Chennai makes more cars than Detroit.

The bankruptcy filing will have to be first approved by a bankruptcy judge which gives the auto makers enough time to reorganise their finances by selling some of its assets and renegotiate contracts with the workers.

 

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com