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.
Offering a very different kind of social commentary than Eddy Grant’s thumping early 1980s classic “Electric Avenue,” the North American International Auto Show exhibit by the same name will surely feature the greenest of the green. The show is set to begin on Jan. 11 in downtown Detroit’s Cobo Center. While the show has yet [...]
One of the reasons why the partnership between Chrysler and Fiat was viewed as highly beneficial was because Fiat owns technology that provides for more fuel-efficient engines. Automotive News reports that one of those Fiat advances could be installed in Chrysler vehicles relatively quickly and have significant benefits in terms of power and fuel economy:
The partnership of Chrysler and Fiat may help boost Michigan’s economy by prompting Italian auto supply companies that already work with Fiat to open plants in the Detroit area in order to supply the factories that will build new Chrysler cars on Fiat platforms. Crain’s Detroit Business reports:
After the Supreme Court lifted their stay on the proceedings in the US Bankruptcy Court, Chrysler and Fiat moved swiftly to close their partnership and transfer most of the assets from the old Chrysler to the new Chrysler Group LLC. The new company immediately named key management positions for the new company. Reuters reports:
Even as the U.S. Bankruptcy Court continues to hear objections to the sale of Chrysler’s assets to a new company led by Fiat, the UAW and the federal government, Chrysler’s CEO expects the sale to be finalized as early as Friday. Automotive News reports:
On the same day they declared bankruptcy, Chrysler also announced a new partnership (PDF) with Fiat that has been under negotiations for months. The new company expects to emerge from bankruptcy restructuring in 30 to 60 days. The announcement said:
Though Chrysler appears to have reached agreements with the UAW, with Fiat and with their major debtholders, they could still be forced into bankruptcy if a group of smaller creditors do not agree to write down most of the loans they’ve given to the automaker. The Washington Post reports on what such a bankruptcy would [...]
Crain’s Detroit Business cites AP sources saying that the negotiations between Chrysler and Fiat are completed and that Fiat will sign the partnership deal tomorrow:
A group of banks and funds that hold billions in loans to Chrysler LLC has made a counteroffer in the negotiations aimed at restructuring the automaker’s debt to help the company survive. Automotive News reports:
A proposed deal that would give Fiat a 35% stake in Chrysler in exchange for small car technology will depend on what new demands are placed on the struggling American automaker when the Obama administration’s auto task force announces its future bailout strategy on Monday. Automotive News reports:
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