UM: GM

A Detroit News article on GM’s expected bankruptcy filing today quotes UM economist Don Grimes, who comments on how many people underestimate the automaker’s economic impact: “Partly because people don’t see the big plants in their area. But a lot of these little parts plants employ 100 to 200 people and are selling to the auto industry. People don’t recognize the tourism dollars spent by people who work in the auto industry spills over to them.” [Source]