Vice President Joe Biden says the U.S. auto industry’s resurgence since the 2009 federal bailout provides a strong basis for a Motor City recovery.
The Center for Automotive Research announced Thursday that it will be the lead agency in a $1.47 million grant under the federal “Make It In America Challenge” to boost the use of bio-based materials in cars.
Monday marked the 100th anniversary of the assembly line. Is your family employed multiple generations by the Auto Industry? How as the Auto Industry personally impacted you? What is the best car ever made?
Plasan Carbon Composites, the supplier of carbon fiber products to the auto industry, announced Tuesday that Japan’s Toray Industries, the world’s largest producer of carbon fiber, has taken a 20 percent ownership stake in the company.
“…I don’t think we give people in our own state enough credit,” said Gov. Rick Snyder, talking to WWJ at the Mackinac Policy Conference.
March sales are expected to be strongest since 2007.
The company is notifying production workers about the layoffs two months in advance and complies with federal law.
With the launch of new federal vehicle fuel economy rules a week away, the American auto industry has grown by nearly a quarter million jobs (236,600) since June 2009 when the auto industry hit bottom, according to a new report available from DrivingGrowth.org.
Chrysler today reported a second-quarter net income of $436 million, a more than $800 million turnaround from a year ago, when the automaker paid off the last of its government bailout loans.
It comes after Romney famously wrote an opinion piece for the New York Times titled “Let Detroit Go Bankrupt” during the height of the industry’s woes in 2009.