It’s not like Mitt Romney was counting on Michigan for any sort of support already. As I said before, if Mitt Romney wins the GOP nomination, he should probably just skip Michigan after his New York Times editorial called “Let Detroit Go Bankrupt” back in 2008: It will be interesting to see if Romney dares to show his face in […]

The federal government is about to get back more of the money it loaned to American automakers. This time it’s the Chrysler Corporation. They are going to sell some debt and take out bank loans to pay back the U.S. government.  Chrysler says it will take out bank loans and sell debt later this quarter to repay $6.6 billion in […]

Just in case you were wondering if the Obama administration’s decision to save the automotive industry in the USA was a good idea, check this out: The number of people employed by the Detroit Three in Michigan could increase 34% as the economy and automotive sales slowly recover, Sean McAlinden, senior economist for the Center for Automotive Research said today. […]

Good news for the Rustbelt states like mine (Michigan): Ford sales up 19% over last year. GM up 11%. Chrysler up a whopping 31%. Ford actually sold more vehicles than GM for only the second time since 1998. Ford reported March sales of 212,777, up 19 percent from the same month a year ago. That compares with GM’s 206,621 sales […]

Last October, the Obama administration announced that it is considering raising auto fuel economy standards to as high as 62 mpg by 2025. The move went mostly under the radar. The White House has said it is considering a range of fuel economy standards for 2017 to 2025, with 62 mpg being on the high end, and the alliance said […]

It’s been a busy day over at the New York Stock Exchange. GM’s initial public offering (IPO) had its stock priced $33 but it opened well over that at $35.40. As I type this, the latest trade was $35.18. Detroit Free Press editorial cartoonist Mike Thompson perhaps put it best: Something tells me that that a whole lot of anti-auto […]