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Auto/Economy
5:21 pm
Mon January 10, 2011

GM's Mark Reuss talks about auto industry's future

Credit Steve Carmody / Michigan Radio
Mark Reuss talking with Michigan Radio's Jennifer White by phone

Today president of GM North America, Mark Reuss spoke with Michigan Radio's All Things Considered Host, Jennifer White.

The Chevy Volt won the "Car of the Year Award" at the Detroit Auto Show. White asked Reuss why the auto company has put so much into the development of the Volt.

"If you look at the electric and hybrid car piece of the industry, it's been steadily gaining in popularity as time goes on. But what does it take to go beyond hybrid? To go beyond the traditional electric car and produce something that really has an exteded range with the gasoline and the battery on board, so you don't have to worry about an electric engine on board?"

Reuss said they accomplished that with the development of the Volt, and that GM remained focused on the Volt through some rough times.

When asked about the prospects for the new car market, Reuss was upbeat because he says there are a lot of people driving older cars, so there's "pent up demand" for new cars:

"And the reason why I say this is because if you look at the cost to operate some of the newer vehicles from a fuel efficiency standpoint, they're much, much lower than some of the vehicles these people are forced to hang onto."

Reuss said, in the past, the company has been good at engineering and building trucks and some of the "truck variants," but today they're re-focusing their efforts on smaller cars: 

"We have refocused with the launch of things like the Volt, and the Sonic for Chevrolet, and then the  Verano for Buick. We've really refocused our efforts into excellence in the small and compact car markets. And you're going to see those as really good alternatives in the market as we go forward."

Reuss was asked how he views the automotive industry today. Here's his response:

Auto/Economy
5:09 pm
Mon January 10, 2011

GM's Chevy Volt is more than a car - it's a technological strategy

Credit General Motors
The Chevy Volt received a charge with today's "Car of the Year" award.

For people who follow the car business, the big news coming from the North American International Auto Show on Monday was no surprise.    

Still, GM employees enthusiastically cheered and applauded the announcement.

The Volt is GM’s extended range electric car.  GM has big plans riding on the electric car’s small frame.  In fact, the Volt is more than a car for GM. It’s an entire strategy.

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Economy
4:23 pm
Mon January 10, 2011

Report says Michigan consumers, businesses will pay more if health care law is repealed

A new report says repealing the federal health care law will cost Michigan consumers and small businesses a lot of money.

PIRGIM, the consumer advocacy group that issued the report, says individuals could see their premiums go up by 20% by 2016 if the repeal goes through. The repeal would also increase the cost of offering employer-based health insurance over the long term by more than $3,000 a year.

Meghan Hess is with PIRGIM. She says rolling back the law "would also terminate the establishment or expansion of over 184 community health centers across the state, and these community health centers help fill gaps in access to care, giving more people the ability to seek preventive care instead of going to the emergency room."

Attorneys General in Michigan and at least twenty other states have filed a lawsuit challenging the health care law.

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Auto/Economy
1:07 pm
Mon January 10, 2011

Ford goes small and electric with its "C-segment" vehicles

Not to be outdone by GM and Nissan, Ford Motor Company says it is delivering on a promise to make more small, fuel-efficient cars for consumers.

At the North American International Auto Show today, the company is showcasing 10 new "C-segment" cars. The company says the vehicles are "fuel efficient smaller cars that people really want."

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Detroit Auto Show
12:30 pm
Mon January 10, 2011

Chevy Volt, Ford Explorer win NAIAS awards

Update 11:33 a.m.:

Here's a video of Carl Brower, editor-at-large of Edmunds.com talking about the Chevy Volt winning the "Car of the Year Award."

Update: 10:11 a.m.:

Michigan Radio's Steve Carmody spoke with Edmunds.com editor-at-large, Carl Brower. Brower headed the jury of auto industry journalists who picked the Volt. Brower said:

"I think the Volt represents not only a break from traditional drive train technology, but a break from the manufacturing image. It's a hybrid plus. It's beyond a hybrid. And I don't know how many people would have believed that a big domestic auto maker like GM could pull this off a few years ago."

8:23 a.m.:

It's just been announced that the Chevrolet Volt has won the 2011 North American Car of the Year at the North American International Auto Show.  The Ford Explorer won truck of the year. The awards were announced this morning.

The Associated Press reports:

Finalists for the car award were the Volt, Hyundai Sonata and Nissan Leaf. Truck finalists were the Dodge Durango, the Explorer and Jeep Grand Cherokee. Forty-nine auto journalists from the U.S. and Canada made the picks. The vehicles are judged on innovation, design, safety, handling, driver satisfaction and value.

The NAIAS opened this morning for media previews.  The show is open to the public on Saturday and runs through January 23rd.

Auto/Economy
12:28 pm
Mon January 10, 2011

Marchionne says he expects a Chrysler IPO later this year

Credit Steve Carmody / Michigan Radio
Sergio Marchionne talks with reporters at the North American International Auto Show in Detroit.

Michigan Radio's Steve Carmody just attended a press conference with Fiat and Chrysler CEO Sergio Marchionne.

Marchionne told reporters that his goal is to pay back the government loans by the end of this year.

Chrysler owes around $7.5 billion to the U.S. government.

He said he was heartened by the response to GM's IPO last year and the investor interest in the auto industry makes a Chrysler IPO more likely.

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Auto/Economy
11:32 am
Mon January 10, 2011

Chrysler proclaims a "resurrection"

Credit user dgtmedia-simone / wikimedia commons
CEO Sergio Marchionne says Chrysler is back.

Chrysler made the case for its self-proclaimed "resurrection" at the North American International Auto Show.

The company put on an optimistic show as it debuted 16 new Chrysler products. The automaker had only a bare-bones presence at the auto-show last year.

Sergio Marchionne is Chrysler's CEO. He said the display shows the company is once again a viable competitor in the North American car market:

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Auto/Economy
11:17 am
Mon January 10, 2011

Report: Ford to hire more workers

The Wall Street Journal and the Detroit Free Press are reporting that Ford plans to announce the creation of 7,000 more jobs at today's auto show. From the Wall Street Journal:

Ford Motor Co. on Monday is expected to announce it will hire 7,000 workers in the U.S. over the next two years, according to a person familiar with the matter. Ford President of the Americas Mark Fields is expected to confirm the news at the auto maker's presentation before the North American International Auto Show in Detroit, this person said.

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Auto/Economy
10:23 am
Mon January 10, 2011

Images from the Auto Show

Michigan Radio's Steve Carmody was up early this morning taking some pictures at the auto show. You can scroll through them above, or check out this little video below:

The 'press preview' of the auto show is taking place today and tomorrow.  The show opens to the public on Saturday, January 15th.

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