Michigan governor signs energy package
Published Tuesday, Oct. 7, 2008
Michigan Gov. Jennifer M. Granholm on Monday signed into law legislation that calls for 10 percent of electricity in the state to be generated from renewable sources by 2015.
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US bailout, plug-in credit a boost for automakers
Published Saturday, Oct. 4, 2008
Automakers received another boost from Congress with passage on Friday of the $700 billion financial rescue bill that the industry hopes will revive car loans and help create a mass market for electric vehicles.
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Report blames U.S. trade gap for 5.6 mln lost jobs
Published Saturday, Oct. 4, 2008
The U.S. trade deficit in goods other than oil cost American workers 5.6 million jobs last year, with Michigan and South Carolina leading the list of hardest-hit states, a report issued on Thursday said.
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Toyota offers interest-free loans on 11 vehicles
Published Saturday, Oct. 4, 2008
Toyota Motor Corp is offering interest-free loans to U.S. consumers across most of its lineup in a rare move that follows a surprising 32 percent slide in its U.S. sales in September, its steepest drop in decades.
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U.S. dealership closures to increase into '09: study
Published Thursday, Oct. 2, 2008
The number of U.S. car dealerships closing is expected to increase into 2009 with as many as 3,800 dealerships at risk of closure because of dwindling sales and tighter credit, according to a newly released study by Grant Thornton LLP on Wednesday.
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U.S. Steel, Worthington to expand joint venture
Published Thursday, Sept. 25, 2008
United States Steel Corp (X.N: Quote, Profile, Research, Stock Buzz) and Worthington Industries (WOR.N: Quote, Profile, Research, Stock Buzz) said on Tuesday that they would expand their Worthington Specialty Processing joint venture to improve service to automotive and flat-rolled steel customers.
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Chrysler: Gov't loans could head off deeper cost cuts
Published Thursday, Sept. 25, 2008
Chrysler LLC Chief Executive Bob Nardelli said on Tuesday that without a low-cost government loan package, the automaker would be forced to cut costs more deeply to free up funds for electric car technology.
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Daimler may sell remaining Chrysler stake
Published Thursday, Sept. 25, 2008
Daimler AG (DAIGn.DE: Quote, Profile, Research, Stock Buzz) is in talks with private equity group Cerberus Capital Management to sell its remaining 19.9 percent stake in struggling U.S. automaker Chrysler LLC.
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U.S. automakers race election clock for loan deal
Published Thursday, Sept. 25, 2008
Presidential politics in the hard hit economies of the U.S. Midwest are becoming crucial for automakers to win $25 billion in government loans as the Wall Street financial crisis swamps Congress.
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Chrysler unveils electric cars, stumps for loans
Published Thursday, Sept. 25, 2008
Chrysler LLC on Tuesday showed off a trio of electric vehicles in development -- including battery-powered versions of its Chrysler minivan and Jeep Wrangler -- and vowed to bring one of them to showrooms by 2010.
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Pump prices muddle auto fuel efficiency
Published Monday, Sept. 22, 2008
Projected U.S. auto fuel efficiency for 2008 model vehicles nudged higher, the Environmental Protection Agency said on Friday, but cautioned its estimate was likely low due to sharply higher fuel prices and volatile vehicle sales.
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August jobless rates up in most states, Mich. No. 1
Published Saturday, Sept. 20, 2008
Unemployment rates rose in most U.S. states in August, with Michigan again logging the highest rate of 8.9 percent on a seasonally adjusted basis, the Labor Department reported on Friday.
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