Christine Ferretti The Detroit News Published 12:34 p.m. UTC Jul 19, 2018 Five years after Detroit's historic bankruptcy filing, the city has risen from financial ruin to a promising future few could have predicted. Officials say the city now has its financial house in order, posting four consecutive years of balanced budgets while crafting a plan to stave off another collapse by addressing looming pension obligations. That upswing has allowed the city to regain full control of government operations after it emerged this spring from strict state oversight put in place as a provision of its restructuring plan. City officials have touted improved services, including the installation of 65,000 new LED streetlights and better trash pickup, public safety response and bus service. "There’s a sense of optimism in Detroit like I’ve never seen before in my life," said retired U.S. District Chief Judge … [Read more...] about After Detroit bankruptcy: Optimism, but ‘challenges are real’
Escape challenge level 4
For a carmaker whose overriding priority is safety, Volvo sure pulls plenty of motoring enthusiasts. Yes, its cars lack the all-out driver involvement of those from Germany and Italy, but there’s an intrinsic appeal to understated, yet fastidious Swedish design and engineering – and with Saab out of the picture, Volvo is now the default flag bearer for those of a more Scandinavian disposition. Its at times shaky financial history (not actually shaky enough to put it out of business, unlike Saab) has probably only helped it become more endearing. Originally founded in 1927 as a carmaking subsidiary of SKF, Volvo became independent in 1935 as a small, vulnerable concern that was eventually swallowed up by Ford in 1999, and was nearly shuttered as its parent company was on the verge of bankruptcy. Chinese conglomerate Geely became its current custodian in 2010, and although Volvo fleshed out the lower end of its lineup in the interim with the V40 in 2012, it took its time to … [Read more...] about DRIVEN: Volvo V90 T6 AWD review – looks above all else?
3:00 PM, Sunday: Thank you for following Road & Track's live coverage of the 2018 Rolex 24 at Daytona. The complete live blog is archived below.2:41 PM: The rains never fall and the Cadillacs survive. Action Express Racing's #5 wins overall, the #31 makes its way to second to complete a 1-2. What was once a two lap lead ends with three cars on the lead lap as the #54 CORE Autosport car finishes third, likely a winner in a race that goes for another hour. Advertisement - Continue Reading Below Ford finishes a 1-2 that looked easy in GTLM, with the #67 Chip Ganassi Racing GT leading the way ahead of the #66. Corvette Racing C7.R #3 completes the podium.In GTD, the #11 Grasser Lamborghini takes what had been the most hotly contested class of the day, leading the #86 Michael Shank Racing Acura NSX and #48 Paul Miller Racing Lamborghini, a car that was rebuilt and shaken down for the first time on a short track intended for late models on Friday night, to the class podium.The total … [Read more...] about 2018 Rolex 24 at Daytona: The Live Blog
Cherokee, which for 2014, moved from the solid-axle brick of yore to the shark-nosed, independently suspended crossover of modern-day. That wasn't necessarily a bad thing. We found it to be quite a competitive machine at the time, and one that was plenty capable.But time marches on, and five model years later, Jeep has updated the Cherokee. The polarizing shark nose has been toned down, with all the headlight elements integrated into single units on either side. The hatchback has been revised and now sports a cutout for the license plate. Besides improving the looks at the back, Jeep says it allowed them to expand the rear cargo area to 25.8 cubic feet, an increase of 1.2 cubes, because moving the license plate space allowed them to pull the latch assembly farther out. It should be noted, though, that the Cherokee still doesn't have as much cargo capacity as the new 27.2-cubic-foot Compass.Besides the cosmetic changes, the new Cherokee gets a new engine, a 2.0-liter turbocharged … [Read more...] about 2019 Jeep Cherokee First Drive Review | Still the most truck-like crossover SUV
DETROIT, Michigan—This is war. All-out vehicular Armageddon, the Chevrolet Silverado going toe-to-toe with the Ram 1500 going toe-to-toe with just about everything Ford has got, including a new diesel F-150 and Ranger midsize pickup.As automakers downplay Monday and Tuesday press conferences in favor of pre-show unveilings, like the 2019 Chevy Silverado Saturday night, the importance of these money makers can’t be overemphasized.After General Motors’ and Chrysler’s 2009 bankruptcies, truck market share sank to 11 percent of U.S. industry sales, which itself was down about one-third from its peak a few years earlier. Analysts, journalists, and even the automakers themselves spoke of how the Detroit Three could no longer count on these trucks, with their relatively cheap body-on-frame construction, to fund the rest of the industry. The new reality was that automakers must learn to make profits on small cars without relying on pickups. As trucks began to regain … [Read more...] about 2018 Detroit Auto Show Marks the Start of the Year of the Truck