GM

Auto
4:34 pm
Mon December 16, 2013

Outgoing GM CEO Dan Akerson says they've 'been trying to fix this airplane while in air'

Dan Akerson speaking at the National Press Club.
NPC screen shot from YouTube

Outgoing GM CEO Dan Akerson spoke to the National Press Club this afternoon cataloging all the changes the company has made to make it profitable once again.

The U.S. Treasury sold the last of its holdings in the company earlier this month. The government said they lost about $10 billion on its bailout of over $49 billion.

Akerson said over the last four years, the company has invested more than $10 billion in its U.S. operations, including $1.27 billion announced today.

"There's that $10 billion again. But we're investing it - that will keep paying dividends to the American public that supported this company in its darkest hour," said Akerson. 

Akerson said the company is still in the early chapters of the comeback story and that they still have a lot to prove to people who left the brand for other car companies.

Akerson will step down as CEO on January 15, 2014. Akerson was with the Carlyle Group prior to taking the helm at GM in 2010. The global auto industry will see its first female CEO when Marry Barra takes over in January.

You can watch Akerson's address to the National Press Club below:

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Politics & Government
9:00 am
Sat December 14, 2013

Lessenberry talks about the big bills that passed this week and the first female CEO of GM

The chamber of Michigan's House of Representatives in Lansing. Leaders in the Michigan legislature and Governor Granholm are close to an agreement on the budget.
Lester Graham Michigan Radio

This Week in Review, Rina Miller and Jack Lessenberry discuss the passage of the ani-abortion coverage bill and campaign finance bill, as well as the appointment of the first female CEO of General Motors.

Week in Review interview for 12/14/13

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Stateside
4:05 pm
Thu December 12, 2013

With this week's announcements, is there a new future for Michigan's auto industry?

This week, GM announced that Mary Barra will be the company's first female CEO.
Dave Pinter Flickr

It’s been a big week for Michigan’s auto industry.

A report from Business Leaders for Michigan revealed a plan to bring 100,000 automotive jobs to the sector. And General Motors announced the next CEO of the company will be Mary Barra. She’ll be the first female CEO in the car industry.

Daniel Howes, a business columnist from The Detroit News, talks with us about this week’s announcements.

Listen to the full interview above.

Politics & Government
9:02 am
Wed December 11, 2013

Marijuana and campaign finance bills, and a new woman CEO for GM make political headlines

Matthileo Flickr

This Week in Michigan Politics, Jack Lessenberry and Christina Shockley discuss marijuana and campaign finance bills and the appointment of the first female CEO of General Motors.

Week in Michigan Politics interview

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Stateside
5:15 pm
Tue December 10, 2013

What does GM's first female CEO mean for the auto industry?

General Motors's next CEO, Mary Barra.
Carlos Osorio Associated Press

She began her career at General Motors as an engineering co-op student in 1980.

33 years later, Mary Barra has made history by being named the next CEO of GM — the first time a woman has been placed in the top spot of a major automaker.

GM made the groundbreaking announcement today that CEO Dan Akerson has moved up his retirement to January 15, after discovering his wife is battling advanced-stage cancer.

But who is Mary Barra, and what does this appointment mean to America's auto industry?

Listen to the full interview above. 

Politics & Government
7:47 am
Tue December 10, 2013

In this morning's headlines: GM U.S. government free, marijuana bills, MSU post championship

User: Brother O'Mara flickr

The U.S. government no longer owns GM

The U.S. government sold its last stock in General Motors today. The government no longer owns parts of the company.

Medical marijuana bills could move forward today

"A state House panel could vote as early as today on some high-profile medical marijuana bills. The legislation would revive medical marijuana dispensaries in Michigan and allow patients to use edible forms of cannabis," Jake Neher reports.

MSU student raises $3,000 for owner of flipped car

"A Michigan State University student has raised more than $3,000 to help pay for damage done to a stranger's car by rowdy Spartan fans after the school's football team beat Ohio State in the Big Ten Championship game on Saturday," the Associated Press reports.

Auto
3:07 pm
Fri December 6, 2013

General Motors to sponsor Flint's 'Back to the Bricks' and other related car shows

General Motors will be sponsoring the Michiana car shows and Flint's Back to the Bricks cruise next summer
Steve Carmody/Michigan Radio

General Motors is heading back to its roots.

The automaker announced today that it will sponsor Flint’s “Back to the Bricks” car show for the next five years. The show features hundreds of ‘classic’ cars and trucks.

“This is an event that is more than just a car cruise and a car show,” says GM spokesman Tom Wickham, “It brings people into a community…provides an economic boost to a community and we need an economic boost.”

About a half million people attended Back to the Bricks in Flint this year.

Auto
4:25 pm
Fri November 29, 2013

There's 1 month left to 2013, but its already been a good year for Detroit's Big 3

GM

Auto companies report November's auto sales next week.

The news should be good, especially for Ford, Chrysler and Detroit.

Michelle Krebs is an analyst with Edmunds.com. She says the Detroit Three have had a great year so far, with car sales leading the way.   

“But they also are the biggest seller of trucks,” says Krebs, “People are buying big trucks again like they haven't in a long time.

Krebs says GM's did better this year than she expected.  She adds that’s especially true since Consumer Reports called the new Impala the "best sedan in the U.S."

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Opinion
8:23 am
Fri November 22, 2013

Good news for Michigan’s economy

Lessenberry commentary for 11/22/13

Half a century ago, America suffered one of the most traumatic events in our history: The assassination of President Kennedy. But while it is important to remember that, it might also be good to consider that there is a bunch of good economic news today. Good news, especially for Michigan.

Yesterday, University of Michigan economists presented their annual November forecast. They saw good things ahead, with the national economy growing almost twice as fast over the next two years as now.

Two experts from the Research Seminar in Quantitative Economics predicted five million new jobs over the next two years. Unemployment, they predict, will fall from just over seven to about six percent.

Meanwhile, they predict the automakers will sell half a million more units next year than this, more still in 2015, and the housing market will also grow.  Inflation will stay low and oil prices will remain steady. This is all very good news, if true.

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Business
5:39 pm
Sat November 16, 2013

Buick City's future brightening in Flint

The long vacant Buick City auto assembly plant site in Flint
Steve Carmody/Michigan Radio

The announcement this week that an Alabama company plans to build a pipe factory in Flint could help spur further investment in a former General Motors site there.

The 235 acre Buick City site is being marketed by the Racer Trust. The trust was set up to sell off abandoned General Motors properties. American Cast Iron Pipe is the first company to invest in Buick City.

Elliot Laws is with the Racer Trust. He says they’ll be blasting news of American’s plans to build in Flint to other potential investors…

Auto
10:43 pm
Tue September 10, 2013

Government sells another $811 million in GM stock

(file photo)
Steve Carmody/Michigan Radio

DETROIT (AP) - The government is getting closer to selling all of its General Motors Co. stock.

The Treasury Department said in its August report to Congress that it sold $811 million worth of GM common stock last month.

The report dated Tuesday says the government has recovered about $35.4 billion of the $49.5 billion bailout it gave the Detroit automaker. That means taxpayers are still $14.1 billion in the hole.

Stateside
5:09 pm
Wed September 4, 2013

While Detroit is going bust, the US auto industry is booming

Peter Martorano Flickr

There is no small touch of irony in the fact that as Detroit filed for bankruptcy, the U.S. car makers are enjoying boom times. Sales for the Big Three in July were the highest in seven years. GM, Ford and Chrysler are adding shifts and hiring workers. Good times.

But not for the city that gave birth to what we know as the U.S. auto industry.

Tom Walsh, business columnist for the Detroit Free Press, and Sonari Glinton, National Desk Reporter from NPR who has covered transportation and the auto industry, joined us today.

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Auto
2:55 pm
Fri August 16, 2013

GM recalls 292,879 Chevy Cruzes for braking issue

2014 Chevy Cruze Eco
General Motors

GM will recall 292,879 Chevy Cruze cars from the  2011 and 2012 model years for a potential intermittent loss of partial braking power.

GM says it's aware of 27 low-speed crashes, some of which could be linked to the problem, but no injuries.

The automaker says in rare instances, a driver might have to apply extra force to the brake to get the car to stop.

The recall is for Cruze cars equipped with the 1.4 liter gasoline turbo engine and automatic transmission.

Dealers will remove and replace a microswitch in the power brake vacuum pipe assembly.

Stateside
5:00 pm
Mon July 29, 2013

New book gives behind-the-scenes look at big automakers

Bob Lutz has worked as an automotive executive for GM, Ford, Chrysler, and BMW.
Wikipedia

An interview with auto executive and author Bob Lutz.

While Detroit embarks on the beginning days of its bankruptcy, the city’s Big Three automakers are reemerging from their own financial crises. It was four years ago that GM and Chrysler filed for Chapter 11 bankruptcy.

And as this month marks the 150th year after Henry Ford’s birth, we take a look at what it takes to run a big auto company, and the future of Michigan’s automakers.

Bob Lutz has held top positions at GM, Ford, Chrysler, and BMW. His most recent position was that of Vice Chairman of GM from 2001 to 2010.

His newest book gives us a behind-the-scenes look at the bosses Bob Lutz has worked for, some of the most legendary names in auto history. It's called Icons and Idiots, out from Portfolio/Penguin.

Bob Lutz joined us today to talk about his book.  

Listen to the full interview above.

Auto
3:18 am
Mon July 29, 2013

July auto sales are expected to be very good

thecarconnection.com

Analysts are expecting a robust month for auto sales.

Jesse Toprak is an analyst with TrueCar.com.  He says July sales were good across all categories.

“But two extreme segments stand out, we see very high demand for small cars and small SUVS, and a very healthy demand for large pickup trucks,” says Toprak.

Toprak says the increase in pickup sales is being driven by small business owners, and an uptick in home renovations.

Stateside
5:20 pm
Thu May 30, 2013

Mad Men could be GM's dream come true

The Chevy Vega is featured on this season of Mad Men
user: Cauldon Graphix Flickr

An interview with professor Michael Bernacchi.

Mad Men's Don Draper is known on the AMC show as being the best guy to create an ad campaign.

He's known for lines like, "What you call love was invented by guys like me...to sell nylons."

Don's company, Sterling Cooper Draper Pryce, has done creative campaigns for companies like Lucky Strike, Maidenform, Heinz and Hilton Hotels.

In the most recent season, much of the company's time was spent securing an auto client -- Jaguar.

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Stateside
4:42 pm
Wed April 3, 2013

GM promises to “refresh, redesign or replace” car lineup by 2016

General Motors
user paul (dex) Flickr

General Motors says the car and truck buying public will be seeing big changes in the next few years when we walk into a GM showroom.
 
GM’s North America Chief Financial Officer Chuck Stevens recently told analysts that the automaker will redesign, refresh or replace nearly 90 percent of its vehicles in the North American market between now and 2016.

Is this strategy a matter of blazing new trails, or playing catch-up with the competition?

This is a two-sided story. Starting this year with 2011 models, the federal government’s fuel-economy standards, which have sat frozen for years, are going to get a big-time thaw. It's the biggest change since the Corporate Average Fuel Economy (CAFE) law was created in 1975.

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Arts & Culture
3:37 pm
Fri March 29, 2013

ArtPod is supersized for Spring

You know Spring is here when Detroiters rally for 300 years of Marche du Nain Rouge.
Michigan Radio Michigan Radio

This week, ArtPod is inspired by the massive chocolate Easter bunnies we’ve been inhaling for days now.

So to welcome Spring (hey, it’s 50 degrees!) we’re doing a bigger edition of ArtPod, squeezing in two very different  Michigan’s artists and culture-makers.

First, we start off with a full-cast radio performance of the play “RUST.”

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Stateside
4:40 pm
Wed March 27, 2013

Writer creates 'documentary play' based on stories from a shuttered GM plant

playwright Austin Bunn
actorstheatregrandrapids.wordpress.com

It's a familiar Michigan story. In 2008, General Motors decided to shutter a stamping plant in Wyoming - just outside Grand Rapids.

But to Austin Bunn, a new professor of writing at Grand Valley State University, the close of the plant wasn't the end of a story, but a beginning.

For the next four years, Bunn interviewed the workers at the plant about the experience of job loss, displacement and their lives after the close.

From these transcripts he created a documentary play, RUST. It was originally produced at the Actors' Theatre of Grand Rapids.

What you're about to hear is adaptation of the play for radio using local actors.

RUST was co-produced by Austin Bunn and Zak Rosen. Interviews conducted by Austin Bunn and Working Group Theatre. Featured actors include Tracey Walker, Rena Dam, Chris Nye, Wayne Swezey, GF Korreck, Paul Arnold, Fred Stella, and Laurence Drozd.

You can learn more about the Actors' Theatre of Grand Rapids and Austin Bunn's work by visiting their websites.

Listen to the full audio above.

Auto
8:41 pm
Thu March 14, 2013

GM looking to expand its Lansing Grand River plant

General Motors Lansing Grand River plant
Steve Carmody/Michigan Radio

General Motors is considering spending nearly $40 million to expand its Lansing Grand River plant.

On Monday, the Lansing city council will consider granting tax abatements to GM.

The abatements are tied to the automaker’s plan to spend $38 million to expand its Lansing Grand River plant. The expansion would add about 150 jobs.

GM already makes its Cadillac ATS at the plant.   The ATS recently won the North American Car of the year award at the North American International Auto Show. 

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