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.
Michigan’s small business owners have a positive outlook, and many plan to hire, according to a PNC survey of small business owners
Speaking to about 600 people in Dearborn, President Barack Obama once again the comeback of the American auto industry.
The President says automakers will be making cars that average 55 miles per gallon by the middle of the next decade.
Chrysler CEO Sergio Marchionne says the auto industry has to do away with the two-tier pay scale, which pays new workers a considerably lower wage.
Michigan Governor Rick Snyder and Wayne County Executive Robert Ficano are leading a delegation to Asia with stops in China, Japan and South Korea. And, they’re going during a global economic slowdown.
After surviving a period of unprecedented restructuring and global financial tremors, the automotive industry now finds itself facing a whole new set of competitive challenges and decisions — ranging from keeping costs and capacity under control with the slow, “post-bubble” sales recovery in the United States, to placing the right bets on vehicle-propulsion and other technology systems, to focusing on the right emerging markets.
The White House has set a Friday announcement on new fuel economy rules.
While car sales won’t completely recover as fast as many analysts were expecting, a new report says domestic auto companies will get a growing part of that slowly recovering market.
Vice President Joe Biden is crediting the White House policies for bringing the auto industry back from what he calls the “brink of extinction.”