europe

Stateside
5:41 pm
Wed July 17, 2013

European car sales are dropping and that's bad news for Ford, GM, and Chrysler

GM sells the Opel Corsa GSi in Europe. General Motors CEO Daniel Akerson says the company's European car business is not for sale.
GM Europe Flickr

An interview with Russell Padmore and Michele Krebs.

The latest word on new car sales in Europe is not anything that's bringing cheer at GM, Ford and Chrysler headquarters.

New car sales in Europe have just suffered their worst June in 17 years, and the six-month number is the worst in 20 years.

Reporter Russell Padmore from the BBC in London joined us today to give us a look at what's behind this protracted free fall in European car sales.

And what do these European car sales numbers mean to folks at the Ren Cen in Detroit, Glass House in Dearborn, or the Tech Center in Auburn Hills? In other words, how are the poor sales in Europe affecting GM, Ford and Chrysler?

For that we turned to auto analyst Michele Krebs who’s with Edmunds.com.

Listen to the full interview above.

Business
12:02 pm
Sun July 7, 2013

US-EU free trade talks could benefit Michigan

The flags of most of the European Union countries
eurocartans.org

Trade talks between the United States and the European Union start Monday.

The talks could have major ramifications for Michigan’s economy.

Officials on both sides of the Atlantic are trying to hammer out a deal that could mean tens of billions of dollars in new trade.

Rich Studley is the president of the Michigan Chamber of Commerce. He says a free trade deal with the 28 European Union nations would be very important for Michigan.

Read more
Stateside
5:43 pm
Tue June 25, 2013

Horizontal hydraulic fracturing also controversial in Europe

An interview with BBC business reporter Russell Padmore.

Horizontal hydraulic fracturing has caused a boom in gas drilling in our state and country, but Michigan and the U.S. are certainly not the only places on the planet dealing with fracking. It's starting to be an issue in Europe, as well.

BBC Business reporter Russell Padmore joined us today to talk about how fracking is affecting England, France, Germany, and other countries.  

Listen to the full interview above.

Auto
4:28 pm
Thu October 25, 2012

Ford restructures in Europe, cuts 5,700 jobs

Ford's global headquarters in Dearborn.
Ford

Ford is cutting 5,700 jobs in the U.K. and Belgium as it tries to return to profitability in Europe.

The company is expecting annual losses of over $1.5 billion in Europe.

Alisa Priddle of the Detroit Free Press has more:

The actions will cut capacity by 18% or 355,000 vehicles a year which should result in annual savings of $450 million to $500 million, the company said today.

Read more
Economy
4:01 pm
Sun May 13, 2012

Is the world ready for Pure Michigan?

Is this view worth the trip from Europe or Asia?
(photo by Steve Carmody/Michigan Radio)

The Obama Administration wants to step up efforts to promote the U.S. as an international tourism destination. That’s welcome news to the folks who run the “Pure Michigan” campaign.

Michigan tourism officials know people from foreign countries come here to vacation, but they don’t know how many, and that’s important to know when they’re planning how to spend the “Pure Michigan” campaign’s $25 million advertising budget.  

This year, only about one percent,  or about $250,000, is being spent to promote Michigan as a tourism destination in Europe, mainly in England and Germany. Nothing is being spent in Asia.

George Zimmerman oversees the “Pure Michigan” campaign for the Michigan Economic Development Corporation. He says the Obama Administration’s tourism strategy includes determining where foreign visitors want to go.

“For about half the states, including Michigan, there just isn’t enough sample size to really have good data. So, that’s been a challenge for us, says Zimmerman. 

Right now, the “Pure Michigan” campaign is focusing on regional promotions with some national ads, and “a modest effort” in Canada.