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Auto/Economy
3:30 pm
Fri April 22, 2011

Report: Japanese automakers check exports for radiation

Credit Douglas Sprott / Flickr
The aftermath of the earthquake and tsunami in Japan. Crippled nuclear power plants have fueled worries of radiation exposure.

From the Associated Press:

An auto industry group says Japanese automakers have begun checking the level of radiation on cars to be exported from Japan amid a nuclear leak crisis.

Hirokazu Furukawa, a spokesman for the Japan Automobile Manufacturers Association, said Friday the move was to ease worries among foreign consumers about radiation leaking from a tsunami-crippled nuclear power plant in northern Japan.

The automakers will inspect radiation inside a car and on its tires before shipment.

No radiation has been detected on cars to be exported from Japan, Furukawa said. Automakers are currently checking the level of radiation on cars to be shipped from eight ports.

Furukawa said around 10 cars out every 5,000 are being checked for radiation.

Auto/Economy
2:02 pm
Fri April 22, 2011

Stabenow says manufacturing and agriculture will revitalize Michigan economy

Debbie Stabenow maintains a lead over Pete Hoekstra in a new Michigan poll.
Credit Office of Senator Stabenow
Stabenow says Michigan can still benefit from the auto industry

Michigan U.S. Senator Debbie Stabenow says the future of the Michigan economy depends on a strong auto and manufacturing base, as well as agriculture:

“You can’t have an economy in this country unless you make things and grow things. And the fundamental part in making things really is the auto industry and manufacturing. ”

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Auto/Economy
12:37 pm
Fri April 22, 2011

Warren Mayor says GM likely to add more jobs in city

Credit Manoli Katakis / creative commons
Warren Mayor Jim Fouts says GM will invest in its Powertrain facility and Tech Center in Warren, Michigan

A final decision has not been made, but Warren Mayor Jim Fouts released a statement saying GM is considering two investments in its Technical Center and Powertrain Facility in Warren.

Fouts says the investments add up to $450 million and would create 426 new jobs.

From Fouts' statement:

"These possible projects are the result of several meetings between city representatives, including me, and GM officials. I cannot stress too much how important these new investments would be to our city. They mean more jobs and ultimately more tax revenues for Warren. I am confident GM will choose these locations for new investments because the corporation realizes Warren is a business-friendly community that will go the extra mile to encourage businesses to expand or relocate here."

The mayor said Warren became a city in 1957 because of the construction of GM's Tech Center in the city. And he encouraged other business to move there.

Economy
11:14 am
Fri April 22, 2011

Two Michigan retirees flip the script on ATM fees

Credit user eflon / Flickr
The law says banks have to post how much they plan to charge you on their ATM machines.

Two retirees from Fowlerville, Michigan, Nancy Kinder and Ray Harrison, have filed several lawsuits challenging banks on ATM fee notifications.

The Electronic Fund Transfer Act says the amount the bank will charge for use of the ATM machine "shall be posted in a prominent and conspicuous location on or at the automated teller machine at which the electronic fund transfer is initiated by the consumer."

Tresa Baldas reports in the Detroit Free Press that the retirees have been taking advantage of this part of the law:

Kinder and Harrison have been "combing the state by car, looking for ATMs that don't have the notification sign, records show. When they spot one, they make a withdrawal, take a picture of the ATM, and then it's off to court."

They've sued 36 banks in two years and they recently filed five lawsuits in one day.

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Economy
5:30 pm
Thu April 21, 2011

Muskegon Correctional Facility could be privatized

Credit correctionsreporter.com
The Muskegon Correctional Facility will close June 1, but could be reopened as a county jail operated by a private company.

A West Michigan prison slated to close in June could reopen as a county jail -- under private management.  

The Muskegon Correctional Facility houses Pennsylvania inmates right now as part of a deal that kept the prison from closing previously.

But that deal is ending four years early and the prison will close on June 1st.

Last week, a private company – GEO Group – toured the facility with state and county officials.  The company already owns and operates a private prison in Baldwin.

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Auto/Economy
2:35 pm
Thu April 21, 2011

Toyota recalls certain RAV4s and Highlanders

Credit IFCAR / wikimedia commons
A 2008 Toyota Highlander - one of the cars being recalled.

An airbag issued is prompting Toyota to recall some RAV4s and Highlanders.

From the Associated Press:

The recall includes about 214,000 RAV4s from 2007 and 2008 and approximately 94,000 Highlander and Highlander HV vehicles from 2008. All of the vehicles involved were sold in the U.S.

The recall does not include any other Lexus or Toyota vehicles.

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Auto/Economy
9:33 am
Thu April 21, 2011

Fiat moving closer to a majority stake in Chrysler

Credit user fiatontheweb / creative commons
Chrysler Headquarters in Auburn Hills, Michigan.

Updated: 

News that Fiat will soon acquire a bigger stake in Chrysler is another sign the merger is working.

Jim Hall is president of  the auto consulting firm 2953 Analytics.  He says the merger benefits both companies.  Fiat gets access to the U.S. market and to Chrysler’s more profitable vehicles, and Chrysler gets access to Fiat's global markets and its fuel-saving technology. 

And the merger could save the companies money on parts.

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