Detroit Bikes produced a retro-inspired commuter bike that retails for just $550.
New concerns were raised after the investors released a rambling, grammatically flawed statement about a “prophesy.”
It would be a fitting new chapter for a factory that has come to symbolize Detroit’s decline.
The symbol of Detroit’s industrial decline attracted 111 bids from around the world.
DPD denies evidence of a brazen, dangerous scrapping operation that is putting motorists and residents at risk.
Time is running out for a developer to transform Detroit’s symbol of industrial decline into housing, restaurants, retail space, offices and a hotel.