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5:30 pm
Sun March 9, 2014

GM plans to expand in Lansing

“It’s a welcome addition,” says Bob Trezise, the president of the Lansing Economic Area Partnership, “It really continues to consolidate the future of auto making" in the Lansing area.
Steve Carmody Michigan Radio

General Motors plans to spend $162-million to expand its Lansing Grand River Assembly plant.

The plant produces the Cadillac ATS and CTS.

Monday night the Lansing city council will consider calling public hearings on a set of tax incentives for the expansion.

“It’s a welcome addition,” says Bob Trezise, the president of the Lansing Economic Area Partnership, “It really continues to consolidate the future of auto making, high end car making in the Lansing region and in the state of Michigan.”

Stateside
4:12 pm
Wed March 5, 2014

Not everyone is happy about the profit sharing at the Big 3 auto companies

automotiveauto.info

We've all heard the familiar idiom "every cloud has a silver lining."

But when it comes to the healthy profits being earned by the Detroit automakers and the profit-sharing checks that will be going to autoworkers, my next guest points out, the converse is true: "Every silver lining has a cloud."

Detroit Free Press Business columnist Tom Walsh joined us today.

Auto
4:23 pm
Mon March 3, 2014

Car sharing means fewer car sales, according to study

Enterprise car-sharing ad
Enterprise

A new study says car sharing has already cost U.S. auto dealers a lot of car sales over the past few years –and the trend will accelerate in the future.

John Hoffecker of AlixPartners says car-sharing services like ZipCar reduced car purchases by 500,000  between 2006 and 2013.

The AlixPartners study focused on 10 metro areas where car-sharing services are well established.

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Auto
3:43 pm
Tue February 25, 2014

GM expands recall, admits investigation was faulty

2007 Cobalt
GM

General Motors is expanding its recall of cars for a defect that can suddenly turn off the cars and disable the airbags.

The company also admits it made mistakes during the initial recall.

The defect is a faulty switch that may have caused more than 30 crashes and 13 deaths.

In some instances, the ignition switches turn off if the car is jarred, or if the key ring has extra weight on it.

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Auto
4:21 pm
Fri February 21, 2014

UAW claims coercion, appeals 'no' vote at Tennessee auto plant

The United Auto Workers is blaming outside interference for their defeat this month in a union election at a Volkswagen plant.
Pobrecito33 Flickr

The United Auto Workers is blaming outside interference for its defeat this month in a union election at a Volkswagen plant in Chattanooga, Tenn.

The UAW filed an appeal of that vote today with the National Labor Relations Board.

In the days leading up to the vote, numerous Tennessee politicians threatened to kill millions of dollars of state incentives for an expansion of the plant if the workers voted to unionize.

In the end, plant workers voted down the union by a narrow margin.

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Stateside
5:23 pm
Thu February 20, 2014

UAW tries to unionize VW workers at Tennessee plant

Pobrecito33 Flickr

It's Thursday – time for our weekly check-in with Detroit News business columnist Daniel Howes. 

 He's picking through the rubble of the UAW's bid to unionize workers at the Volkswagen plant in Chattanooga, Tenn. We know that VW workers said "no thanks" to the UAW by a vote of 712-626, but what are the deeper implications of that "no" vote? Daniel Howes joined us today. Listen to the full interview above.

Stateside
4:20 pm
Mon February 10, 2014

Is Australia's car manufacturing industry about to reach the end of the road?

GM and Chrysler suffered through bankruptcy in large part because it relied so heavily on SUV sales.
user ep_jhu Creative Commons

Ford and General Motors both recently decided to stop producing cars in Australia. Now, that country's car manufacturing industry is about to reach the end of the road. That's after today's announcement that Toyota will close its operations there as well.

Stateside's partner the BBC has more from business correspondent Russell Padmore.

Auto
3:10 pm
Thu February 6, 2014

2013 expensive year for GM, drives down profit

GM CEO Mary Barra, with her predecessor Dan Akerson in background
General Motors

General Motors made $3.77  billion in 2013.

That's a 22% drop from the year before.

GM got hit with a lot of extra costs last year. The company is taking the Chevy brand out of Europe, so it doesn't compete with the automaker's Opel brand, and it's closing a plant in Europe.

GM is also closing its Holden division in Australia. And its taxes went up.

But GM's new CEO Mary Barra tells investors quality is also up.

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Auto
1:13 pm
Thu February 6, 2014

Car companies that innovate have the edge, says study

The future of "Look, ma, no hands!"
Ford Motor Company

It's a car-eat-car world out there, and Boston Consulting Group says the competition is only going to get more fierce.

BCG's new study finds that companies that are more innovative will have an important competitive advantage. 

Analyst Xavier Mosquet says a majority of people say they want to buy a car from a company they perceive as innovative.

But, it may not be easy to meet their expectations. 

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Auto
11:20 am
Wed January 29, 2014

Fiat and Chrysler reorganize under a new name

Fiat CEO Sergio Marchionne called the announcement, "one of the most important days in my career at Fiat and Chrysler."
user dgtmedia-simone wikimedia commons

Remember "DaimlerChrysler"? Well, that didn't go so well.

Maybe "Fiat Chrysler Automobiles" will fare much better.

The company that owns Chrysler Group LLC, Fiat SpA, announced the name change today: 

Today, the Board of Directors of Fiat S.p.A. (“Fiat”) approved a corporate reorganization and the formation of Fiat Chrysler Automobiles (“FCA”) as a fully-integrated global automaker...

In order to establish a true peer to the major global automotive groups, in both scale and capital market appeal, the Board has decided to establish Fiat Chrysler Automobiles N.V., organized in the Netherlands, as the parent company of the Group. FCA’s common shares will be listed in New York and Milan.

The newly formed company's stock will be traded on the New York Stock Exchange. Current Fiat shareholders will receive one share of FCA for each Fiat share they're holding.

The newly named company released its new logo as well today. A logo they say "lends itself to an extraordinary range of symbolic interpretations."

CEO of Fiat and Chrysler Sergio Marchionne called the corporate reorganization "one of the most important days in my career at Fiat and Chrysler."

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Auto
6:25 am
Wed January 29, 2014

Michigan's auto industry cited often in President Obama's State of the Union speech

(file photo)
Steve Carmody Michigan Radio

Michigan’s auto industry figured prominently in President Obama’s State of the Union speech last night.

He started by talking about a hard-working auto worker building fuel-efficient vehicles and helping America wean itself off foreign oil. 

The president then introduced the new CEO of General Motors, who was sitting with the First Lady.  

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Auto
1:39 pm
Tue January 28, 2014

Ford's hourly workers will receive $8,800 bonus check

A Ford worker at the Kansas City Assembly plant.
Ford Motor Company Flickr

Ford Motor Company had one of its best years ever, and under its contract with the UAW, the company will give a portion of its annual North American profit to the nearly 47,000 hourly workers who help build the profitable cars and trucks.

Last year, Ford's profit in North America was $8.8 billion, so each of those workers will receive an $8,800 bonus check. The payout breaks last year's bonus of $8,300.

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Auto
6:00 am
Tue January 28, 2014

100 years ago, Henry Ford doubled factory wages – and changed history

Henry Ford in 1919
Credit via Wikipedia

The home of the Ford Model T is now an abandoned factory complex along busy Woodward Avenue in Highland Park, Michigan – and there's not much to distinguish this place from Detroit's other industrial ruins.

But if you stop and walk up to the front of the building, you'll find a historical marker telling us that by 1925, this place churned out more than 9,000 Ford Model Ts a day.

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Auto
12:19 pm
Tue January 21, 2014

Chrysler becomes subsidiary of Fiat

2014 Fiat 500 Abarth
media.chrysler.com media.chrysler.com

MILAN (AP) - The Italian carmaker Fiat says its acquisition of the final Chrysler stake is complete, making the U.S. car company a wholly-owned subsidiary of Fiat.

Fiat SpA said Tuesday that it closed the deal announced Jan. 1 with the cash payment of $1.75 billion to a union-controlled trust fund. That's on top of an initial $1.9-billion payment, which was arranged through a special distribution from Chrysler. Fiat also made the first installment on an additional $700 million payment.

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Auto
4:47 pm
Sat January 18, 2014

Detroit auto show opens to the public

A Fiat product specialist at the auto show
Mercedes Mejia / Michigan Radio

DETROIT (AP) - The North American International Auto Show in Detroit has opened its doors to the public.

The annual event began Saturday at Cobo Center following a week of previews for journalists and others in the industry. A race-worthy Corvette, a sumptuous Mercedes C-Class and other glitzy models catch the eye at the show, which runs through Jan. 26.

Auto
9:47 am
Thu January 16, 2014

Meet the workers who power Detroit's Auto Show

A Fiat product specialist at the auto show
Credit Mercedes Mejia / Michigan Radio

At Detroit’s North American International Auto Show, the focus is naturally on the cars.

But behind the scenes, more than 2,000 people labor to make sure visitors are impressed by what they see.

Detroit has hosted an auto show for over a century now. And in a place known as the Motor City, it’s always been a pretty big deal.

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Stateside
3:46 pm
Wed January 15, 2014

News from the Detroit Auto Show: The future of GM, a new Chrysler headquarters, and driverless cars

Shots of the 2012 Auto Show.
Mark Brush Michigan Radio

Media preview days are in full swing at the North American International Auto Show.

Over 5,000 reporters from around the world have converged on Cobo Center, including Daniel Howes, a business columnist with The Detroit News.

Howes talks with us about the big car news to come out of the auto show.

Listen to full interview above.

Auto
9:56 pm
Tue January 14, 2014

Driverless car test site aims to open by fall in Michigan

A glass panel display shows how vehicles equipped with the new technology will be able to communicate with one another and roadway infrastructure, like traffic signals at an August, 2012 Ann Arbor event on driverless cars.
Steve Carmody/Michigan Radio

DETROIT (AP) - University of Michigan and state government officials aim to have a 32-acre driverless car test site running by September - in time for a global conference on intelligent transportation systems.

Gov. Rick Snyder and other state and university officials gathered Tuesday at Detroit's auto show to outline plans for the Mobility Transformation Facility, a $6.5 million site on the Ann Arbor university's North Campus.

It will offer a simulated urban environment with roads, intersections, building facades, traffic circles and a hill.

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Auto
6:26 pm
Tue January 14, 2014

General Motors' quarterly dividend is back

General Motors (file photo)
Steve Carmody/Michigan Radio

DETROIT (AP) - General Motors Co. says it will resume paying a quarterly dividend, its first since the height of the financial crisis in 2008

The U.S. automaker's CEO Dan Akerson had hinted that a dividend may be coming and the company confirmed the move Tuesday. General Motors says its dividend of 30 cents per share is payable March 28 to stockholders of record as of March 18.

The Detroit-based company says investors should share in the company's success and that the dividend is a signal of confidence for a profitable future.

Auto
12:37 pm
Tue January 14, 2014

With the Chrysler 200, automaker is looking to "redefine" a changing brand

The Chrysler 200

Chrysler introduced the car it’s promising will “redefine the brand” at Detroit’s auto show Monday.

The “flagship” 2015 Chrysler 200 is the Auburn Hills-based automaker’s first venture into the highly competitive mid-size sedan market in more than a decade.

Chrysler officials say the model will go “head-to-head” with its competitors in terms of quality, design and – at just under $22,000 – price.

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