By 2022, those living in poverty will be a minority for the first time, as the global middle class – particularly from BRIC (Brazil, Russia, India, China) nations – surges. Does new affluence signal shifting global power?
According to the US Census, Michigan is the one state in the nation to see its population drop over the past decade. The steep decline in the auto industry is mostly to blame for driving people out.
GM stock is trading again, after automaker's emergence from bankruptcy and a partial government takeover. But the debate goes on over the wisdom of the US bailout.
The GM stock price ends at $34.19 on its first day of trading, as the company's recent profitability stokes demand for the IPO stock. The $23.1 billion raised will help pay back the US Treasury.
Hybrid cars are finally on track in the US as automakers reach for new refinement on electrics.
With its $5 million investment in the Indiana startup Bright Automotive, which plans to build a plug-in hybrid delivery truck, GM potentially gains access to new technology and maybe a new product.
The Tesla Motors IPO sold out quickly, and shares of the company rose 41 percent in their first day of trading. But Tesla's ability to navigate the still-developing electric car market will be tested in the coming months.
Auto sales are up, even for the Big Three. The worst may be over for US automakers – and for Michigan.
This year, more automakers will roll out electric cars to American roadways.
In the race for the best green auto technology, Detroit is a slightly late entrant. But from battery innovation to re-training workers, the Motor City is going to give green a go.