Detroit automakers say they support the city of Detroit, but they do not anticipate any impact to their daily operations or business outlook from the city’s insolvency.
Get more details on the relationship between the city and the automakers.
The city of Detroit’s bankruptcy filing apparently won’t affect the Detroit Three automakers who, along with Motown soul music, made the city famous and at one time, prosperous.
General Motors, the biggest Detroit automaker, the only one with its headquarters literally in Detroit, and a company not that far removed from the sting of its own bankruptcy filing in 2009, says, “We do not anticipate any impact to our daily operations or business outlook” from the city’s insolvency.
Chrysler Group says it “believes in the city of Detroit and its people. We not only continue to invest in the city and its residents by adding to our presence in Detroit, we also are committed to playing a positive role in its revitalization.”
Chrysler has a full-fledged auto-assembly factory employing 4,663 and four other industrial sites, and it has moved offices for some operations to Chrysler House (formerly the Dime Building), all within the Detroit city limits. Chrysler headquarters is in suburban Auburn Hills, 30 miles away.
Ford Motor, which was founded in nearby Dearborn and never has been based within the city of Detroit, says, “We believe a strong Detroit is critical for a strong Michigan and our industry. The city has a difficult job ahead, and we are optimistic that governmental leaders will be successful in strengthening the community.”
Ford did not go through bankruptcy reorganization because it mortgaged the entire company in 2006 to raise money that kept it going through the recession.
For GM, the filing may mark a “clean start” for the city.
“A healthy auto industry will play a part in Detroit’s comeback story and GM is doing its part,” the company said in a statement.