GM

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. 

Auto
12:02 pm
Tue February 5, 2013

Group questions MPG claims for turbo engines

Ford CEO Alan Mulally with 3 cyl turbo engine
Ford Motor Company

Many of the claims for better fuel economy from new turbo-charged engines are more hype than reality, according to tests by Consumer Reports, the independent consumer advocacy group.

The agency tested a number of vehicles that offer regular four or eight cylinder engines, and compared them to the turbo-charged version.  Turbo-charging is a technology that gets more power from a smaller engine with direct injection of extra spurts of air and fuel.

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Auto
4:58 pm
Fri February 1, 2013

Automakers report double-digit gains

DETROIT (AP) -Last year's momentum in U.S. auto sales is continuing into this year.

Ford, Chrysler and GM are all reporting double-digit gains for January.

Sales at Ford rose 22 percent compared with a year earlier. GM and Chrysler each reported 16 percent gains.

Ford's sales rose on strong sales of pickup trucks and new vehicles.

Auto
10:26 pm
Wed January 30, 2013

GM to invest $200 million in Pontiac facility

Governor Snyder at the GM powertrain announcement
Credit GM

General Motors is expanding its Global Powertrain Engineering Headquarters in Pontiac, and consolidating some major research and development operations there.

The company says investing $200 million in a new test wing there will allow them to bring work that’s being done all over the country under one roof, and move faster in developing next-generation powertrain technologies.

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Auto
3:01 pm
Mon January 14, 2013

Toyota tops GM in global auto sales

A.N.M flickr

With projected vehicle sales of 9.7 million in 2012, Toyota has once again dethroned General Motors as the world’s top-selling automaker.

GM increased its global vehicle sales to 9.29 million but could not keep pace with the Japanese automaker as it unveiled new versions of its popular Camry model.

German automaker Volkswagen followed close behind with 9.07 million in global sales.

Christine Tierney of The Detroit News has more:

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Economy
5:23 pm
Mon December 3, 2012

GM: Best November since 2007

Volts have now gone 1,000,000 miles electrically
TheDigitalMyrtleBeachWikiCommons.jpg

General Motors says it had its highest November sales since 2007.

GM’s sales are up 3.4 percent over last year. Passenger cars are up 19-percent overall, with Buick bumping up 22 percent, and Cadillac sales up 30 percent.

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Auto
4:55 pm
Thu November 22, 2012

GM rebuilds its finance arm with Ally purchase

General Motors was a deeply troubled company in 2008.

Eh.  Make that deeply, deeply, deeply troubled.

So was its finance arm, GMAC, which had plunged head-first into subprime mortgage lending, in addition to automotive lending.  That left the company awash in billions of dollars worth of bad mortgages.

The federal government had to figure out a way to bail out both companies - because GM wouldn't survive if it didn't have a place to send customers for car loans, and if its dealers didn't have a place to get financing to buy the inventory.

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Politics & Government
7:41 am
Mon November 12, 2012

In this morning's Michigan news headlines. . .

Credit User: Brother O'Mara / flickr

Democrats want to revamp voting procedures and make Secretary of State an appointed position

"There's a move in the Michigan Senate to change the Secretary of State's office to a non-political position and to revamp the state's voting procedures. Gretchen Whitmer is the Senate minority leader. She says many Michigan voters waited for hours to cast their ballots while Secretary of State Ruth Johnson was campaigning for Mitt Romney. A spokeswoman for Ruth Johnson says the Secretary of State was not campaigning for Romney on Election Day, but was working with local election officials. Whitmer says Senate Democrats are working on legislation that would allow early voting and no-reason absentee voting to help reduce long lines at the polls. She says they're also drafting a bill that would make the Secretary of State an appointed position, rather than an elected post," Rina Miller reports.
 

Bill would help horse racing industry

"A bill to help Michigan’s struggling horse racing industry is on its way to the state Senate. The legislation would allow people to bet on races dating back years. Players would place bets on a machine, and a randomly selected race would be shown on a video screen. The state House passed the bill last week with bi-partisan support," Jake Neher reports.

Competition for GM in China

"Two domestic Chinese car companies are teaming up.  The move could help them compete against General Motors in China - and perhaps even hasten the day when Americans can buy Chinese-made cars. Gwanjoe and Chery plan to collaborate to cut costs. That should help them compete against GM and Volkswagen - the two biggest car companies operating in China. Michael Dunne is the author of "American Wheels, Chinese Roads." He says the collaboration could help the two inside China, and boost exports to developing countries. But he figures a Chinese car company won't try to enter the tough U.S. market for at least five years," Tracy Samilton reports.

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