Apparently it is! Detroit is finally making some changes to how they do "automobile business" and it is paying off. Jobs are increasing, workers are being paid, sales are on the rise. Even Ford has made more money in the first 6 months of this year than in the past 5 years combined. Although a lot of this progress is due to downsizing many aspects of the business, it seems to be rebounding. The past few years have been hit really hard with layoffs for the Big Three, plants closing down, and brands being discontinued. But I believe that if they can create a new model and move forward, there may be hope for the Motor City. The New York Times released a good article about it: http://www.nytimes.com/2010/08/14/business/14auto.html?
I had always hoped that the green movement would turn Detroit around. I think in a sense, through less production, more efficient vehicles, etc, it has. What do you think?