I am writing today to announce the closure of the Michigan Messenger. After four years of operation in Michigan, the board of the American Independent News Network, has decided to shift publication of its news into a single site, The American Independent at Americanindependent.com. This is part of a shift in strategy, towards new forms [...]
An abstinence-only presentation provided to numerous school districts in Calhoun and Eaton Counties in October of this year provided false and misleading information to students about HIV, experts allege.
Two county registers of deeds filed a class action lawsuit Monday on behalf of Michigan’s 83 counties alleging that the Mortgage Electronic Registration Services owes millions of dollars in property title transfer taxes.
Despite evidence of the impact of mercury on children and public health, Michigan Attorney General Bill Schuette last month joined with 24 other state attorneys general in filing a lawsuit to scuttle new EPA regulations that would reduce mercury emissions from power plants.
Automotive News reports on a very important development in the aftermath of the Chrysler bankruptcy. The residual values of Chrysler vehicles, which plunged prior to and during the bankruptcy, have rapidly rebounded after their emergence from bankruptcy protection.
The Automotive Lease Guide bumped up residual values for all three Chrysler brands in July, primarily because of the automaker’s rapid exit from bankruptcy. But the values are still lower than they were before Chrysler LLC filed for Chapter 11 protection…
In the July-August period, the 36-month residual values were 32.5 percent for Chrysler, 34.8 percent for Dodge and 37.4 percent for Jeep. Jeep’s value increased 5 percentage points from May-June, Chrysler’s rose 3.7 percentage points and Dodge’s rose 3.5 percentage points.
The boost for the automaker, now known as Chrysler Group, signals that General Motors’ vehicles could enjoy the same boost as the automaker prepares to emerge from bankruptcy protection as early as today or tomorrow.
Those residual values are important because they determine the monthly payments for leases and the trade-in value of the vehicle at the end of the lease. The faster they rebound, the lower the lease payments on Chrysler vehicle leases will be and the more vehicles will be leased and sold.
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