Nearly given up for dead a few years ago, Michigan’s automakers have come roaring back and are leading one of the strongest state economic recoveries in the nation. Today, General Motors Co., Ford Motor Co. and Chrysler LLC are churning out billions of dollars in profits and are hiring thousands of workers. But we’ve seen […]
Chrysler
Posted inBusiness Watch
Forecasting a slower, pricier car industry
Cars might cost $50,000 on average by 2025. Vehicle sales in the United States may never bounce back to the levels of a decade ago. And electric vehicles aren’t likely to catch on with consumers for years, if at all. So says Sean McAlinden, executive vice president of research and chief economist at the Center […]
Posted inBusiness Watch
What's the business case for second Detroit bridge?
Editor’s note: Gov. Rick Snyder joined Canadian Prime Minister Stephen Harper last Friday to announce a formal deal to start construction on a second bridge linking Detroit to Windsor, Ontario. Snyder announced his support for the span in his first weeks as governor in 2011. Michigan’s share of the construction costs — $550 million — […]
Posted inBusiness Watch
Prospects brighten for Mich. heavyweights
At Kelly Services Inc., business is good — quite good. In Michigan alone last year, the global staffing company placed approximately 2,500 more people in positions than it did in 2010, spanning industries and all lines of Kelly’s business: temporary help, temp-to-hire and direct hires. There’s been steady, increased demand for Troy-based Kelly’s services as […]
Posted inSuccess
Warren auto supplier navigates industry turmoil
Tim Droege and a team of managers at German auto parts supplier Woco Automotive in Warren decided in 2008 to purchase the company — just as the state and national economies were imploding. “It was a crazy time to buy an automotive company,” said Droege, who completed the deal in January 2009 and changed the […]