Category Archives: economy

Michigan has Costliest Auto Insurance. Maine Lowest

Maine, Ohio and Idaho all have competitive insurance marketplaces and less expensive car insurance premiums, according to a new study. Michigan was labelled the most expensive state for car insurance for the fourth consecutive year. The lowest Michigan has even been on the most expensive list is third, back in 2012. It’s a disgrace from a broken, lawyer dominated system. That was the year that Louisiana, who claimed second place this year for most expensive, took the No. 1 spot. Continue reading

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Toyota and Mazda JV to Build Cars in U.S. Trumped?

The plant would have an annual production capacity of approximately 300,000 units. Pending approvals and authorization by government agencies, the companies will begin to examine detailed plans with the goal of starting operations in 2021. The plant will require a total investment of approximately $1.6 billion, and will create up to 4,000 jobs. Continue reading

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Annual CAR MBS Conference Under Way in Changing Industry

It’s summer in northern Michigan, a time when people flock there for fun, relaxations such a swimming, sailing and fine dining amid verdant rolling hills. There is, however, a significant number of people who come each year at the beginning … Continue reading

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General Motors Closes Deal on Selling Opel/Vauxhall

This ends almost 100 years of GM in Europe, leaving only the slow expansion of the Cadillac brand, and the sale – it’s more like a hobby than a business – of niche vehicles, the Chevrolet Camaro and Corvette, both imports, as GM’s only presence in the world’s third largest vehicle market. GM’s Lyft and Maven will eventually appear in Europe, AutoInformed opines. Continue reading

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DENSO to Invest $75.5 Million in Michigan and Ohio

“Expanding our team and resources now will help us make a future of autonomous cars and advanced electric vehicles possible,” said Kenichiro Ito, chairman of DENSO’s North America Board of Directors. Continue reading

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Attorney General Jeff Sessions on Prescription Painkillers

One American dies of a drug overdose every 11 minutes and more than 2 million Americans are ensnared in addiction to prescription painkillers. Continue reading

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Maven Gig Expands to San Francisco

By 2020, an estimated 43 % of the U.S. workforce will be made up of freelance workers. The nature of employment is changing, as corporations continue to shed middle class jobs. Maven Gig claims it is a “nimble platform that will grow and adapt with the shift.” Continue reading

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New Car Dealership Employment Sets Record in 2016

“Total dealership employment has consistently risen every year since the Great Recession,” said NADA Chief Economist Steven Szakaly. “In addition, hundreds of thousands of other local jobs are dependent on dealerships.” Continue reading

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Daimler Group Q1 EBIT Significantly Better Than Expectations

Daimler Group AG (ticker: DAI) has achieved a Group EBIT* for Q1 of 2017 that is significantly above market expectations. Group EBIT of €4,008 million surpassed Q1 2016 at €2,148 million. All figures are preliminary and unaudited. Continue reading

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Trump on Track for Largest Deficits in U.S. History.

At 77 % of gross domestic product (GDP), federal debt held by the public is now at its highest level since the end of World War II. The Congressional Budget Office in an extremely detailed report concludes that despite considerable uncertainty of long-term projections, debt as a percentage of GDP would probably be greater – likely, much greater – than it is today if current laws remained generally unchanged. Continue reading

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Machinery Orders, Shipments, Inventories Rising in 2017

The U.S. Census Bureau* released its monthly advance report on manufacturers’ shipments, inventories and orders for February 2017 that says new orders for manufactured durable goods in February 2017 rose 1.7% to $235.4 billion. Excluding transportation, new orders increased 0.4%. … Continue reading

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Population Growth – Maricopa County Adds 222 People Per Day

The nation’s 382 metro areas contained approximately 277.1 million people in 2016, representing approximately 86% of the nation’s population. This was an increase of approximately 2.3 million people from 2015. Continue reading

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Daimler at China Development Forum – Pure Money, Politics

In China, through its government-dictated cooperation with local partners, China continued to be the largest individual sales market globally for Mercedes-Benz Cars in 2016. Continue reading

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U.S. Trade – Three-Year High for Imports

This means a trade deficit of 48.7 billion up $4.2 billion from $44.3 billion in December, including a whopping $10.9 billion in the automotive sectors during January. For NAFTA fans: The deficit with Mexico increased $1.0 billion to $5.5 billion in January. Exports decreased $0.2 billion to $20.5 billion and imports increased $0.8 billion to $26.0 billion. Year-over-year, the goods and services deficit increased $5.1 billion, or 11.8%, from January 2016. Exports increased $13.3 billion or 7.4%. Imports increased $18.4 billion or 8.3%. Continue reading

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General Motors Sells Opel/Vauxhall to PSA Group for €2.2B

The deal includes all of Opel/Vauxhall’s automotive operations, comprising Opel and Vauxhall brands, six assembly and five component manufacturing facilities, one engineering center (Rüsselsheim, Deutschland) and approximately 40,000 employees. GM will retain the engineering center in Torino, Italy. Continue reading

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