The US economy has come a long way since the mid-to-late 2000s, when the daily news was more depressing than the Detroit Lions' playoff hopes. Need proof of that? A recent report from The Detroit News says it all - auto employment has hit a five-year high, and the sector now employs more people than it did in September of 2008.
Even though Fiat CEO Sergio Marchionne has repeatedly said he won't pick up, leave Italy and take his Fiat factories with him, his occasional pointed comments about the challenges of running operations in that country has worried Italian politicians dealing with government, economic and labor-force seizures the past few years. After Fiat Industrial announced it was moving its headquarters to London and it was rumored that the car division's HQ would move to Auburn Hills, MI after the merger with
The state of Utah has put its own spin on the message behind Earth Day. While the national ecology teach-in day usually means bike rides and recycling campaigns, in Utah the message this year is: "Where would you be without oil, gas and mining?"
Blame the plunging greenback. Less than a week after BMW announced the expansion of their U.S. Spartanburg plant, we are getting news from Germany that the weak dollar is making it increasingly difficult for the German automaker to keep production on their soil and that layoffs are imminent. Ernst Baumann, BMW's head of personnel, said 5,600 jobs in Germany will be cut by the end of the year. When you add that to the 2,500 positions already eliminated, the total represents about 7.6-percent of B
Yesterday, 1,000 Chrysler plant workers who had been idled showed up for shifts at the
company’s Belvidere, IL plant where the new Dodge Caliber and upcoming Jeep Compass are made. About 360 workers
were current Belvidere employees, while the rest came from Delaware, Alabama, Indiana and Ohio. The extra workers raise
the plant’s payroll from 1,650 to 2,650 and double its capacity.