Alcove9

Description

The Big 3 Detroit car companies (GM, Ford and Chrysler) are all coming back. In 2011, GM, whose destiny was in question only 4 years ago, posted a profit of $7.6 billion; the largest ever reported by the compa ny. Ford profits looked very good that year, as well, and Chrysler posted the first profitable year since 1997. By the way, the US patent office recently opened its first ever satellite patent office in Detroit – not Silicon Valley, not Chicago, not Boston. Let’s stop and think why. In my opinion, Detroit is the heart of America’s innovation.

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