Auto

Detroit Auto Show
6:59 am
Tue January 18, 2011

Attendance up at the Detroit Auto Show

Attendence is up at the North American International Auto Show in Detroit this year
Jdpowers65 Flickr

Attendance is up at the North American International Auto Show so far this year, the Detroit Free Press reports. The Freep says:

Attendance Monday was 64,520, up from 61,112 from the same day last year, said NAIAS spokesman Sam Locricchio. On opening day Saturday, 86,622 attended the show, compared with 83,715 on the opening Saturday last year, he said. Sunday's attendance was 99,111 -- up from 96,623 for the opening Sunday in 2010, he said.

The show, at Detroit's Cobo Center, is open until Sunday.

Economy
7:37 am
Mon January 17, 2011

Two chambers of commerce promoting online coupon deals

Two communities in West Michigan are trying an online coupon program to help spur the economy. The program called ‘Try it local’ is similar to Group-on.

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Auto
6:46 am
Mon January 17, 2011

UAW members head to D.C.

Members of the UAW union will attend a four-day legislative conference in Washington, D.C. beginning today
UAW

Members of the United Auto Workers union will be on Capitol Hill today in Washington, D.C.. Some 1,000 union members will be there for a four-day legislative meeting.  As the Associate Press reports:

They'll be hearing from UAW President Bob King on Monday on the start of the four-day conference. The Detroit News says King plans to talk about efforts to persuade non-U.S. automakers to make it easier to unionize their U.S. plants.

In a statement, the UAW said, those at the meeting will:

...discuss the union's legislative and political priorities for the coming year, meet with members of Congress to advocate on behalf of working families and prepare for the union's 2012 electoral campaign.

House Minority Leader Nancy Pelosi (D-CA) is expected to speak at the conference.

Food
5:03 pm
Fri January 14, 2011

Report: Infamous "La Shish" name coming back to Michigan

La Shish Restaurants were once famous in Michigan for good middle eastern cuisine. But the restaurants closed when La Shish's owner got into legal trouble and fled the country.

Now, Jeff Karoub reports for the Associated Press that the La Shish name will come back to Dearborn:

Restaurateur Carmel Halloun said Friday that he's acquired the rights to use the La Shish name and plans to open a restaurant in March in the former chain's first location in Dearborn.

The name doesn't come without baggage. The La Shish chain of restaurants closed when the former owner, Talal Chahine, fled the U.S. Karoub writes that in 2005 Chahine "was charged with multiple counts of tax evasion and citizenship fraud."

The new owner of the La Shish name says he thinks enough time has passed. From Karoub's article:

Halloun said he knows people loved the food and is willing to take a chance. He said he wouldn't reopen at La Shish's first location without the restaurant's original name. "I want people to come back," he said.

Economy
4:35 pm
Fri January 14, 2011

Grand Rapids airport sets new passenger record

The Gerald R. Ford International Airport in Grand Rapids.
carrib Creative Commons

Last year the number of passengers traveling through Gerald R. Ford International Airport in Grand Rapids went up more than 20%. The airport served more than 2.1 million passengers in 2010; a new record for Michigan’s second largest airport. 

Bruce Schedlbauer is a spokesman for Ford Airport. He thanks a combination of factors. Foremost, he says a more stable economy helped boost the numbers.

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Auto
2:09 pm
Fri January 14, 2011

Auto Week's "Best in Show" at the Detroit Auto Show

The Porsche 918 RSR concept, named "Best in Show" by the editors of AutoWeek.
Roger Hart Auto Week

Editors at Auto Week perused the offerings at the 2011 North American International Auto Show and named their top picks.

Executive Editor of Auto Week, Roger Hart, said the show had more than two dozen new models on display, and most had one thing in common:

 "There were no fancy, pie-in-the-sky, dreamlike concept cars. Nearly everything billed as a concept looked as if you could buy one tomorrow at your local dealership and drive it home."

Here are their picks:

BEST IN SHOW: Porsche 918 RSR Concept

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Economy
11:08 am
Fri January 14, 2011

Report: Borders close to financing deal

Borders has been on the brink. The company has been trying to secure financing to stave off bankruptcy.
Flickr - Ruthanne Reid

The headlines for the Michigan-based Borders Group Inc. have not been good lately:

And my personal favorite speculative headline:

It seems everyone has been on a death watch for the bookseller.

Today, Julie Bosman writes in the New York Times Borders may be close to a financing deal that might help the company reorganize. From the article:

Borders executives told publishers that they were close to securing refinancing from GE Capital and other lenders, these people said, speaking only on condition of anonymity, and that the company intended to reduce costs, improve liquidity and expand marketing efforts, as well as sell some assets.

Earlier this month, we  posted on a Reuters report that said Borders was working with publishers to work out a deal. Borders is in debt to the publishers for past shipments and the company reportedly wants to restructure that debt as a loan.

Meanwhile, the company is cutting costs. The Detroit News reported yesterday that Borders is closing a big distribution center in Tennessee:

Borders will consolidate the processing and delivery of books, movies, music and other products to two distribution centers in Carlisle, Pa., and Mira Loma, Calif. It is part of a long-term effort to cut costs and make the distribution of products to bookstores more efficient, Borders Group said in a statement.

So will borders survive? What would your future headline say?

Auto/Economy
4:43 pm
Thu January 13, 2011

Report: Profit-sharing checks coming to Ford and GM workers

GM plans to issue profit-sharing checks to workers, the NYT reports.
Steve Carmody Michigan Radio

At the Detroit International Auto Show, domestic automakers are celebrating a comeback of their industry. GM and Ford both saw profits last year, and the car makers are expecting a good year this year.

As more proof of the comeback, Bill Vlasic and Nick Bunkley report in the New York Times about profit-sharing checks that are expected to go to GM and Ford workers:

The two big Detroit carmakers will announce profit-sharing checks this month for their hourly workers, perhaps the largest in a decade, company officials and industry analysts say.

The checks are expected to top out at $5,000 at Ford, less at GM.

They report these checks "would be the biggest payout since the $8,000 checks that Ford handed out in 2000." Chrysler, the report says, is not expected to issue bonus checks this year.

Economy
10:46 am
Thu January 13, 2011

Company buys shuttered GM manufacturing plant

Motors Liquidation real estate manager Mike Deighan announces the sale at a press conference Thursday. (Wyoming mayor Jack Poll at left, and The Right Place President Birgit Klohs at right.)
Lindsey Smith Michigan Radio

Motors Liquidation, the official name of “old General Motors”, has a buyer for its 2-million-square-foot former GM stamping plant in the Grand Rapids suburb of Wyoming.

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Economy
8:47 am
Thu January 13, 2011

2010 a bad year for foreclosures in Michigan (2011 may be worse)

A foreclosure sign sits in front of a home in Lansing, Michigan
(photo by Steve Carmody/Michigan Radio)

2010 was the worst year in a decade for home foreclosures in Michigan, according to new data out today.   And 2011 is expected to be worse.  


One in 33.    That’s how many Michigan homes received a foreclosure notice in 2010.   


 Realty Trac ranks Michigan as having the 7th worst home foreclosure rate in the nation last year. Daren Bloomquist is with Realty Trac.    He says Michigan’s foreclosure numbers should be worse this year. 

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Economy
2:47 pm
Wed January 12, 2011

Study: Michigan ranks no. 2 in outbound migration

Map showing outbound migration (yellow), inbound migration (blue), and stable migration (gray).
United Van Lines

One sign of a tough economy is the sight of a big moving truck out in front of the neighbor's house.

And according to one moving company's study, Michigan has seen more of those moving trucks leaving the state than entering the state.

In it's 34th annual "migration" study, United Van Lines says Michigan ranked second in outbound traffic in the country.

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Detroit Auto Show
1:46 pm
Wed January 12, 2011

Mayor Dave Bing visits NAIAS

The North American International Auto Show, 2008
Corvair Owner Flickr

Detroit Mayor Dave Bing visited the North American International Auto Show today in Detroit. As the Associated Press reports:

The former NBA great toured Cobo Center... checking out the latest offerings from companies including General Motors and Ford. He says a comeback for automakers such as GM, Ford and Chrysler is positive for the city and the state.

Bing is just one of many politicians who have visited the show over the past few days.  Governor Rick Snyder visited the show yesterday and members of Michigan's Congressional delegation, including Democratic Representatives John Dingell, Sander Levin and Gary Peters, have also visited Cobo Center this week.

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Economy
1:15 pm
Wed January 12, 2011

Steelcase to close three North American manufacturing plants

kvanhorn Creative Commons

Grand Rapids office furniture maker Steelcase says it will close three manufacturing plants in North America. 400 workers will be laid off at a plant in the Grand Rapids suburb of Kentwood.

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Detroit Auto Show
6:27 am
Wed January 12, 2011

Snyder: Auto industry is critical to state's future

Governor Rick Snyder
Photo courtesy of www.governorelectricksnyder.com

Governor Rick Snyder visited the North American International Auto Show in Detroit yesterday.  He sat in a Chevy Volt, stopped by the Ford and Prius pavilions, and visited with Fiat-Chryser CEO Sergio Marccione. Rick Pluta was at the show and filed this report:

Governor Snyder cheered the rebound in the auto industry from where it was at this time last year. Snyder says he does not want to play favorites when it comes to economic development -- that Michigan should make all entrepreneurs feel equally welcome. But the governor also says he recognizes how big the car business still looms in the state’s economy. Snyder said:

The role of manufacturing and the auto industry in Michigan’s future is critical. I don’t walk away from it all. Actually, I embrace it. That is part of our heritage. That is something we have world-class people in.

The governor says he will call for lower taxes and less regulation and will reveal more details of his economic plan next week when he delivers his first State of the State address

The show opened for media previews on Monday and opens to the public on Saturday.

Auto/Economy
5:46 pm
Tue January 11, 2011

President's top manufacturing advisor "cautiously optimistic" about US auto recovery

Ron Bloom and Sen. Debbie Stabenow tour Ford's exhibit at the Detroit Auto Show
Sarah Cwiek Michigan Radio

The head of President Obama’s Auto Task Force paid a visit to the North American International Auto show.
 
Ron Bloom is also the President’s top advisor on manufacturing policy. Bloom and Michigan Senator Debbie Stabenow toured Detroit automakers’ exhibits at the auto show.
 
Bloom says the Obama administration is “cautiously optimistic” about the U.S. auto industry’s recovery.
 
He says automakers’ profits are “better than expected," but admits that job growth is slower than he’d like. Still, he’s optimistic.
 

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Auto/Economy
3:26 pm
Tue January 11, 2011

GM plans to advertise during Super Bowl, 2012 Olympics

General Motors is stepping up its advertising budget for major sporting events.   GM says it has reached a deal with NBC to be the exclusive domestic automotive advertiser during the 2012 London Olympics. 


General Motors invested heavily in Olympic advertising in the past, but that spending dipped as the automaker has struggled in recent years. That reduced spending also included the Super Bowl. 

Auto/Economy
12:54 pm
Tue January 11, 2011

"Back to business" theme at Detroit auto show

A Hyundai Veloster displayed at the 2011 North American International Auto Show in Detroit
Sarah Cwiek Michigan Radio

The 2011 North American International Auto Show is in a decidedly upbeat mood.

After two years of somber shows, automakers are rolling out new products and showcasing an unusual level of variety and innovation. And they're bullish about how consumers will respond to all those new choices.

Chrysler might be the poster child for the resurgent feeling at this year’s show.

Last year, the automaker barely had a presence, and Chrysler Brand President Olivier Francois remembered how that felt.

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Detroit Auto Show
7:02 am
Tue January 11, 2011

Stabenow 'excited' for Volt win

Michigan Senator Debbie Stabenow (D)
Photo courtesy of www.stabenow.senate.gov

Michigan Senator Debbie Stabenow visited the North American International Auto Show yesterday in Detroit. The Associated Press reports the Democrat said, "she's excited that the Chevrolet Volt was named Car of the Year," at the show.  The Car of the Year award was announced yesterday morning.  The Ford Explorer won the Truck of the Year award.

Former House Speaker and California Congresswoman Nancy Pelosi was scheduled to attend the show yesterday but canceled the trip after Saturday's shooting in Arizona.

Governor Rick Snyder plans to visit the show with his Lt. Gov., Brian Calley, later today.

Detroit Auto Show
6:49 am
Tue January 11, 2011

Snyder to visit Detroit Auto Show

Governor Rick Snyder heads to Detroit today
Photo courtesy of www.governorelectricksnyder.com

Governor Rick Snyder will visit the North American International Auto Show in Detroit today. Lt. Gov. Brian Calley will also attend.

The two will tour the auto show and meet with President and CEO of the Michigan Economic Development Authority Michael Finney.

Media previews of the show began yesterday.  The show opens to the public on Saturday and runs through January 23rd.

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