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Detroit's automakers join the "Grand Bargain" to aid Detroit

The Detroit Institute of Arts
The Detroit Institute of Arts

DETROIT (WKZO) -- The big three automakers will be contributing 26-million dollars to the Grand Bargain to help the Detroit Institute of Arts and city pensioners survive the city’s bankruptcy.

Two of the three automakers know something about what its like to go through bankruptcy.

The DIA has already come up with roughly 360-million dollars to get the museum's collection off the table as an option for the city's bankruptcy creditors, however 100-million dollars is still needed.

They also need the city’s pensioners to approve the deal next month.