The Detroit Three (formerly the Big Three) groveled in front of Congress last month, asking for $25 billion to keep the doors open. Congress rebuffed them and sent them home with instructions to return with “a plan.” What do they come up with? A request that now clocks in at $34 billion. It has...
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Surprise! GM Wants Even More Money!
Make Michigan Attractive to Business Again
The stunning inability of Michigan’s politicians to talk about the 8,000 ton elephant in the room continues to amaze us here at GR Pundit. Michigan’s economy is suffering a “single-state” recession for one primary reason – the United Auto Workers union. Why? Michigan’s economy is/was so heavily dependent on the domestic auto industry that...
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Black October
There’s an excellent article on today’s Detroit News web site regarding the effect of Delphi’s Bankruptcy on the automotive industry and unions. One quote: “The domestic auto industry’s structure is not stable… And, simply put, we expect it will get worse before it gets better.” We’re seeing the beginning of a dramatic restructuring of...
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