Category Archives: economy

Protect the American Worker Trump – Says NLA

“As you are aware (debatable, if not refutable – editor), our country was founded on the principal that hard working Americans have a standard set of protections afforded to them by law, and that all reasonable efforts will be made to keep people employed who have a desire and ability to work… Continue reading

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NAFTA Talks Stalled. Doomed?

There are three main options if the NAFTA negotiators do not reach a new agreement: the parties could continue to negotiate, knowing that there would be limited time to get the agreement approved in all three countries; the three countries could agree to continue trading under the existing agreement; or one or more parties could withdraw from NAFTA, effectively terminating the agreement. Continue reading

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Ford Dropping Car Business – Reallocating $7B in Capital

It’s time for Ford to reorganize yet again. This time around it’s as radical a turnaround plan as ever seen in Dearborn with Ford essentially ceding the car market to other major auto makers and reallocating the $7 billion saved to bets – with wildly uncertain odds – in the connected car and autonomous car areas, as well as the newly emerging interactive road system. Continue reading

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DENSO to Spend $1 billion in Tennessee

Globally, DENSO claims to be a leading developer of electrification systems for automobiles, tasks involved in vehicle safety and security, and newer areas that connect vehicles and society. These systems will play a crucial role in meeting increasing electric vehicle demand, says DENSO. Continue reading

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GM CAMI Strike Talks Still Stalled

“If you want to see what a NAFTA-caused race to the bottom looks like, go to Ingersoll, Ontario,” said Jerry Dias, National President of Unifor. “In that picturesque town west of Toronto, workers at the CAMI automotive plant are on strike over a reasonable proposal that their employer, General Motors of Canada, refuses to accept. – enhanced job security language.” Continue reading

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Mahindra, Ford to Study Links in India, Emerging Markets

A revised Transit Connect could be one program because of Mahindra’s prominent role in the previous one that occurred when perennial loss-making Ford Europe was cash-strapped. Highly likely are utility and battery electric vehicles. Continue reading

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More Than 77 Million People Enrolled in US Schools

The number enrolled in high school remained steady between 2011 and 2016 – good on the face of it, but a problem for the skilled trades – including automotive, since many high schools have dropped vocational training, emphasizing health care or college prep instead of industrial vocations. As a result, manufacturing companies are instituting German- style apprenticeship programs.
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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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