Detroit official denies report that city may sell its classic cars

[Eugene]

Source: Reuters

Detroit official denies report that city may sell its classic cars

By Joseph Lichterman
DETROIT | Fri Jun 21, 2013 12:24pm EDT

(Reuters) - A Detroit official has dismissed as "lots of wild speculation" a story that Emergency Manager Kevyn Orr is considering the sale of the city's little-known collection of classic cars.

"There is no proposed plan to sell any asset owned by the city," Bill Nowling, Orr's spokesman, said in an email on Thursday.

That has not stopped heated debate over the prospect that Orr could approve the sale of assets, including works from the Detroit Institute of Arts, to satisfy the city's crushing debt obligations and avoid bankruptcy.

Discussion now has shifted to the Detroit Historical Society's 62 classic cars. The collection ranges from a 1905 Cadillac Osceola once owned by Cadillac founder Henry Leland to a 1984 Dodge Caravan and documents the automobile's long history in the city.

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Read more: http://www.reuters.com/article/2013/06/21/us-autos-detroit-museum-idUSBRE95K0UC20130621

[JPZenger]

1. Please don't make them sell their Pacer!

They also have a Corvair and a Fiero (those cars used to regularly catch on fire, and because they were made of plastic, people would walk out to their parking space and just find a giant puddle of melted plastic with two axles).