Auto

Winter Weather
8:49 am
Thu December 16, 2010

Blue Water Bridge reopened

The Blue Water Bridge connects Michigan to Ontario
K.l.macke/Flickr

The Blue Water Bridge has been reopened. The bridge, which links Port Huron, Michigan and Sarnia, Ontario, was shut down Monday and Tuesday to commercial traffic as crews worked to clear snow from the week's severe winter storm.

As The Associated Press reports, the bridge's closing:

...forced several General Motors Co. plants in Michigan to interrupt production and caused long delays at the Ambassador Bridge crossing between Detroit and Windsor, Ontario.

Economy
9:43 pm
Wed December 15, 2010

Governor signs tax break legislation for shipping hub

Gov. Jennifer Granholm signs the tax break bills.
Sarah Hulett Michigan Radio

Governor Granholm signed legislation today that will allow for lucrative tax breaks for businesses that want to locate near Detroit Metro Airport.

The project is called the “aerotropolis,” and supporters say it could ultimately create tens of thousands of jobs.

Granholm said:

"I  think people can really look forward from here to see what the build-out will be around this area.

"The communities that are going to take advantage of the warehousing and the movement of goods and the logistics and the technology that’s associated with it as well," she said.

Read more
Economy
1:49 pm
Wed December 15, 2010

Pure Michigan gets much needed cash from state

The Pure Michigan advertising campaign is getting the money it needs.   Governor Granholm today signed the legislation authorizing funds to pay for ads promoting Michigan tourism.

The Associated Press reports: 

Gov. Jennifer Granholm has as expected signed a bill that will help pay for the Pure Michigan tourism advertising campaign. The bill that Granholm announced signing Wednesday transfers $10 million to the campaign from the state's 21st Century Jobs Fund.  The addition gives Pure Michigan more than $15 million for the current fiscal and will provide enough cash to pay for a winter and spring tourism campaign. The program would have been canceled if the extra money had not been approved. Pure Michigan advocates still are pushing to raise the annual budget for the program to about $30 million.

State tax breaks
6:01 pm
Tue December 14, 2010

MEDC approves tax breaks for 17 projects throughout Michigan

Michigan Economic Development Corporation

Michigan’s Economic Development Corporation has approved tax breaks for 17 projects in the state. The incentives are supposed to help companies create nearly 3,000 total jobs.

The expansion of an automotive supplier in the Detroit suburb of Redford will likely have the biggest impact on the job market. Piston Automotive LLC will create 467 jobs – albeit only 135 of those directly. The producer of electric batteries and car chassis was considering expanding in Kentucky.

A close second in terms of creating new jobs is a company that’s expanding in Kentwood, just south of Grand Rapids. Autocam Corporation makes precision parts for transportation and medical devices. They’ll hire 200 new employees and the state estimates the project will create another 265 jobs indirectly.

Eleven of the projects will help investors redevelop blighted buildings.

Read more
Auto/Economy
12:48 pm
Tue December 14, 2010

The state of Michigan to help brownfield redevelopment

Inside the Packard Plant in Detroit.
Angelique DuLong

The state of Michigan will soon increase assistance to redevelop old industrial sites. 

The Associated Press reports:

Redevelopment projects in Detroit, Flint, Grand Rapids, Hamtramck and Lansing are getting a boost with statetax incentives. 

Gov. Jennifer Granholm said Tuesday the projects are in line for brownfield redevelopment assistance from the state. Granholm, who leaves office at the end of this year, made the announcement at her last scheduled meeting with the Michigan Economic Growth Authority board.

Read more
Auto/Economy
10:03 am
Tue December 14, 2010

GM offering buyouts

A view from GM's Renaissance Center
Santosh Krishnan

GM is offering some of its employees a buyout this Christmas. The buyout offer will target at 8 assembly plants in Michigan. 

The Associated Press reports:

General Motors is offering buyouts to several thousand skilled trades workers at 14 plants around the U.S. 

The automaker will pay eligible workers $60,000 to retire with full benefits. Younger workers will have the option to take the $60,000 in exchange for giving up retiree health care and other benefits.   GM spokesman Chris Lee didn't know how many workers will get the offers.

Read more
Transportation funding
6:20 pm
Mon December 13, 2010

MDOT officials not sweating matching funds for rail, yet

Picture of an AVE Spain High Speed Rail Train at Cordoba Railway Station, Spain.
Creative Commons

Efforts to raise enough money to bring a high speed rail project to Michigan aren’t over just because this legislative session is. Bills were introduced last month to sell bonds in order to raise $45 million in support of the project. The matching money is needed to secure a little more than $161 million in federal grants. But state senate did not take action on the bills before ending the lame duck session last week.

Read more
Auto/Economy
6:03 pm
Mon December 13, 2010

Thousands seek utility assistance in Detroit

Thousands of DTE Energy customers came to Detroit’s Cobo Hall looking for help today (Monday). The utility hosted its third “customer assistance day” there.

DTE Vice President Joyce Hayes Giles says the event is a “one-stop shop” to match customers with government and non-profit utility assistance programs.

Hayes Giles says the high turnout isn’t surprising. 

“It speaks to the need in our community. But it also speaks to the fact that we’re going to help a number of customers and we’re really pleased to be able to do that.”

 

Hayes Giles says DTE also raised more than a million dollars for its own customer assistance program. That money will be refunded to qualified DTE customers as credits on their monthly bill.

Auto/Economy
1:20 pm
Mon December 13, 2010

Toyota issues new recall

Toyota issued a recall of the 2011 Sienna minivan
Ian Westcott - flickr user

Toyota is recalling Sienna minivans.   This is just the latest recall that Toyota has issued in the past year.

The Associated Press reports:

Toyota says it will recall nearly 100,000 Sienna minivans from the 2011 model year to replace a switch bracket on the brake lamp.

The Japanese automaker says a driver's foot could hit the switch bracket and deform it while applying the parking brake pedal. Toyota says there have been no accidents or injuries related to this issue.

Read more
Economy
4:34 pm
Sat December 11, 2010

Village of Baldwin hopes a prison contract can revive the area

California inmates will be housed in a Baldwin prison beginning in 2011
Flickr user Still Burning Creative Commons

The tiny village of Baldwin is hoping a private prison contract bringing thousands of inmates from California to Michigan will help revitalize the area. Baldwin is 65 miles north of Grand Rapids.

Read more
BUSINESS
3:30 pm
Fri December 10, 2010

UPDATE: Sunday morning liqour sales rules loosening

UPDATE: 3:30pm


 The Michigan Liquor Control Commission is loosening up its interpretation of the state’s new Sunday morning liquor sales law. 


The new law includes a provision allowing local governments to prohibit alcohol sales on Sunday mornings.  But the commission had said that any town or city doing so would be outlawing liquor sales ALL DAY Sunday.  That left many communities with a very uncomfortable choice.

Read more
Auto Industry
9:13 am
Fri December 10, 2010

GM CEO says automaker has been humbled

General Motors Headquarters, Detroit, MI
Sarah Hulett Michigan Radio

Dan Akerson, General Motors' CEO, told the Economic Club of Washington D.C. this morning that his company was humbled by its "near-death experience" during its 2009 bankruptcy.

Read more
Auto/Economy
4:35 pm
Thu December 9, 2010

Ford To Hire New Workers at Louisville Plant - At New (Lower) Wage

A view of Ford Motor Company's assembly plant in Louisville

Read more
BUSINESS
4:26 pm
Thu December 9, 2010

Borders Books posts big 3rd quarter loss

Even the fixtures within the new Borders Concept Store in Ann Arbor, Mich. have been redesigned to encourage customer exploration. Curved tables in the front of the store allow customers to move easily through the selection of spotlighted books.
(courtesy of Borders Group/photo credit: Laszlo Regos)

Borders Books reported the company lost $74 million dollars in the 3rd quarter. That's about twice as much as Borders lost in the 3rd quarter of 2009. The Ann Arbor based book seller continues to struggle in a competitive market.

In a written statement, Borders Group CEO Mike Edwards conceded his company's struggles:

Transportation
3:33 pm
Thu December 9, 2010

Michigan left off the list of states getting more money for high speed rail

Amtrak train near Chicago
Steven Vance - Flickr

UPDATE 12/9/2010 3:33pm:

Michigan's been left off the list of state getting more federal money for high speed rail projects.  The New York Times reports:

The biggest winners of Ohio and Wisconsin’s money were California, which will receive another $624 million on top of the nearly $3 billion it has received so far toward the construction of a high-speed train from Los Angeles to San Francisco, and Florida, which will get another $342 million on top of the roughly $2 billion it has received to build a high-speed train between Orlando and Tampa.

The other states that will get Ohio and Wisconsin’s money will be Washington, which will get up to $161 million; Illinois, which will get $42.3 million; and Indiana, Iowa, Maine, Massachusetts, Missouri, New York, North Carolina, Oregon and Vermont, which will all get less than $10 million.

Read more
Economy
9:15 am
Thu December 9, 2010

Michigan home prices continue slide

Michigan home prices continue their downward slide and the trend shows little sign of stopping.

Home prices in Michigan declined about 9% in the third quarter, a downward trend that started in April as government buying incentives began to dry up.

Read more
BUSINESS
4:14 pm
Wed December 8, 2010

Lansing BW&L gets key state permit for new power plant

Artist conception of proposed power plant
(BWL)

The Lansing Board of Water & Light has gotten a key state permit clearing the way for construction of a new $182 million cogeneration power plant


The Department of Natural Resources and Environment granted the permit.   


A Lansing BW&L spokesman says the utility will now move to issuing bonds to pay for the project. The utility hopes to begin operating the new power plant in 2013.


The power plant will rely on natural gas to produce electricity. Lansing utility officials say it will eventually replace an aging coal-fired power plant.

State Law
3:23 pm
Wed December 8, 2010

OOPS: Mistake in Sunday AM Liquor sales law may leave some communities 'dry' on Sundays

A glitch in the new Sunday morning liquor sales law might be forcing Michigan communities to choose between opening the bars or going dry ALL DAY on Sundays.

When state lawmakers passed the Sunday morning liquor sales bill in the waning days of the legislative session, they made a small mistake. Lawmakers allowed communities to ban the sales, but the bill didn’t specify the time. 

So now,  if a community says it wants to ban liquor sales between 7am and noon on Sundays, the state Liquor Control Commission says the local government is banning all Sunday liquor sales.

Andrea Miller is with the Liquor Control Commission. She says the way the law is written  it gives the commission no choice. 

"Basically if they send in the resolution stating that they are banning the Sunday sales (of alcohol), they are banning Sunday sales completely."

Miller says the commission has heard from more than 30 communities confused about the new law and its implications.

The Liquor Control Commission plans to put a hold license applications by businesses in those communities until the legislature has time to fix the law next year.

Economy
11:50 am
Wed December 8, 2010

Researcher sees some signs of hope in Michigan's economy

George Erickcek is Senior Regional Analyst at Upjohn Institute
Lindsey Smith Michigan Radio

Researchers at the Kalamazoo-based Upjohn Institute predict Michigan’s economy is stabilizing, but caution it will be a long road to a full recovery.

“We have to realize that what Michigan is coming out of is not a transformed economy, although all of us would like to think that’s true. We’re coming out a leaner economy, a little bit meaner and little bit more advanced but in fact just kind of a smaller version of what we were before, in my opinion.”

Senior Regional Analyst George Erickcek says full recovery will depend on the state’ ability to meet the demand for trained workers in growing industries. In a presentation to leaders in Grand Rapids Wednesday, Erickcek said 25 to 34 year-olds are not achieving the same education levels as the generation before them. That’s the case in Michigan and the nation.

Read more
Economy
5:31 pm
Tue December 7, 2010

Increase in lending to car buyers with subprime credit

More cars are going to buyers with less-than-stellar credit.
Zelda Richardson

Perhaps another sign that the 'Great Recession' is thawing. Lending to people with a so-so credit score is on the uptick - at least in the car market.

The Associated Press reports "the percentage of loans going to subprime buyers rose 8% in the third quarter, their first year-over-year increase since 2007, according to a report issued Tuesday by Experian, a credit reporting agency."

Read more

Pages