USA / Small Business
UAW strike would kill auto loans
09.01.2009 00:27
freep.com
An extraordinary new wrinkle in the federal loans to Detroit's automakers became clear Thursday: A UAW strike could derail the rescue effort.
USA
Small Business
ArvinMeritor scales back auto plans
09.01.2009 00:27
freep.com
The credit crunch and falling vehicle sales have prompted Troy supplier ArvinMeritor Inc. to scale back its plans to sell its automotive business.
USA
Small Business
Detroit 3 will 'be around,' Cockrel says
09.01.2009 00:27
freep.com
While touring the floor of the 2009 North American International Auto Show, which is still under construction at Cobo Center, Detroit Mayor Ken Cockrel Jr. said Thursday he had complete confidence that Detroit's auto industry would survive.
USA
Small Business
Toyota, Ford spar over hybrid m.p.g. claims
09.01.2009 00:27
freep.com
A feud is simmering between Ford and Toyota over Ford's claim that its Fusion gasoline-electric hybrid out this spring will be the most fuel-efficient midsize car at 41 m.p.g. in town, 36 on the highway.
USA
Small Business
More stores struggle as recession has people buying only necessities
09.01.2009 00:27
freep.com
With most retailers reporting dismal December sales Thursday, analysts expect a swelling number of store closings that will leave many malls with gaping holes.
USA
Small Business
Dearth of mergers stalls auto recovery
09.01.2009 00:27
freep.com
Efforts to reorganize the automotive industry are being complicated by a steep drop-off in merger and acquisition activity that isn't likely to recover until the global economy improves and credit markets loosen, the accounting firm PricewaterhouseCoopers said Thursday.
USA
Small Business
Wolverine to cut jobs, expects to shut tannery
09.01.2009 00:27
freep.com
The west Michigan-based maker of Hush Puppies and Merrell footwear said Thursday it would cut 450 jobs worldwide and likely close its Rockford tannery.
USA
Small Business
GM's Asia-Pacific sales set mark
09.01.2009 00:27
freep.com
General Motors Corp.'s sales in the Asia-Pacific region rose 2.7% last year, setting a new company record, the automaker announced Thursday. The company reported that it sold 1,475,093 cars and trucks last year in that region.
USA
Small Business
Auto headlines: Metaldyne consolidates
09.01.2009 00:27
freep.com
Metaldyne Corp., an Asahi Tec company, said Thursday it would further restructure its headquarters operations in Plymouth. The company said it would eliminate a separate leased facility, which housed its North American chassis products business unit, and consolidate that operation into another Metaldyne building in Plymouth. The move is expected to be completed by mid-2009.
USA
Small Business
People making news
09.01.2009 00:27
freep.com
Fraser Trebilcock shareholder and attorney Thaddeus E. Morgan of East Lansing has been appointed by the president of the State Bar of Michigan to the Chair of the State Bar's U.S. Court Committee. The committee addresses the administration, organization and operation of the U.S. courts. Its members include federal judges from the Eastern and Western judicial districts of Michigan. Morgan is the chair of the Litigation Department at Fraser Trebilcock Davis & Dunlap and is a member of the firm's board of directors.
USA
Small Business
Nation & world business: Oil falls for 3rd day
09.01.2009 00:27
freep.com
Crude oil fell for a third day as the rising number of jobless workers in the United States intensified concern that the recession will cut fuel use in the world's biggest energy-consuming country.
USA
Small Business
Michigan business news in brief: Dow acquisition is OK'd
09.01.2009 00:27
freep.com
Dow Chemical Co., the biggest U.S. chemical maker, received European Union clearance to acquire Rohm & Haas Co. for $15.4 billion.
USA
Small Business
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