Detroit Bankruptcy Won’t Affect 2014 NAIAS

Detroit Bankruptcy Won’t Affect 2014 NAIAS
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Despite the city filing for bankruptcy, the 2014 Detroit Auto Show will continue unaffected.

“The Detroit Chapter 9 bankruptcy has been anticipated for some time and will have no impact on the North American International Auto Show (NAIAS),” executive director Rod Alberts wrote in a message published on the show’s web site.

First held in 1907, the only interruption ran from 1943 to 1952. Since 1965, the show has been held at the Cobo Center in the heart of the city.

“Cobo Center is independent of the city and is managed and operated by a regional authority, so no funding from the city is needed for Cobo,” Alberts said. “The NAIAS is also an independent organization and will not be impacted in our operation or funding, although we do work with all the city municipalities in the region, including the City of Detroit, and will continue to do so.”

Some of the debuts rumored for this year’s Detroit Auto Show include the production version of Hyundai’s new Genesis sedan and the 2015 Chevrolet Corvette Z06.