By Nora Naughton, Crain News Service
DETROIT (Aug. 7, 2014) — Motown's artwork is a bit closer to being safe, at least for the time being.
Toyota Motor Corp.'s North American arm is pledging $1 million toward the Detroit Institute of Arts' (DIA) goal to raise $100 million and help prevent the sale of the museum's collections during Detroit's bankruptcy case and assist city pensioners.
The donation—part of a so-called “grand bargain”—is meant to help Detroit emerge from bankruptcy and protect the museum's collection.
“Detroit and the surrounding areas are vitally important to the automotive community. They deserve our support,” Simon Nagata, president of Toyota Motor Engineering and Manufacturing, said in a statement Aug. 6. “Together we can find solutions to help Detroit become the healthy and vibrant community that reflects the spirit of its people. This commitment is a way to demonstrate our gratitude to the people who have built this industry and support us every day.”