plus 4, Lutz: GM should be 'solidly profitable' down road - kgw.com |
- Lutz: GM should be 'solidly profitable' down road - kgw.com
- Gov. Doyle, Milwaukee Mayor Barrett: Announce $800,000 grant to revitalize Tower Automotive site - WisPolitics.com
- Police: Woman poisoned margarita to kill boyfriend - WTOP
- Hydro Completes Divestiture of Automotive Structures Business - Azom.com
- Ralph Schomp car dealership settles bias suit for $1.5 million - Denver Post
| Lutz: GM should be 'solidly profitable' down road - kgw.com Posted: 10 Jan 2010 11:59 PM PST Posted on January 11, 2010 at 1:01 AM Updated today at 1:01 AM ******
DETROIT (AP) — A top executive for General Motors Co. says the automaker should be "solidly profitable" when demand for new cars and trucks rebounds to normal levels. GM Vice Chairman Bob Lutz told the Society of Automotive Analysts on Sunday that the company has made strides only months after it restructured through more than $50 billion in federal aid and a government-led bankruptcy. His prediction follows statements last week by chairman and interim CEO Ed Whitacre Jr. Whitacre said GM could be profitable this year. Lutz also says GM is at least two years from production of the Cadillac Converj, a luxury version of the Chevrolet Volt hybrid. The Volt is to be released later this year. Lutz spoke on the eve of the Detroit auto show. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Posted: 08 Jan 2010 10:11 AM PST
Gov. Doyle, Milwaukee Mayor Barrett: Announce $800,000 grant to revitalize Tower Automotive site 1/8/2010
Contacts: Development on Renewed Site Could Create 700 to 1,000 Jobs MADISON – Governor Jim Doyle and Milwaukee Mayor Tom Barrett today announced that the state is awarding the City of Milwaukee Redevelopment Authority an $800,000 grant to assist in the redevelopment of the former Tower Automotive site in Milwaukee. Renewing the industrial site is expected to attract new development that could potentially create 700-1,000 new jobs. "The Tower Automotive site project demonstrates the state's and Milwaukee's shared commitment to working together to invest in the Milwaukee community and position the city for long-term economic growth," Governor Doyle said. "This project will not only revitalize this industrial site, but will also protect public health and the environment and leverage private investment." "The redevelopment of the AO Smith/Tower Automotive property will remediate environmental contamination from a century of heavy industrial use, and the development of the CenturyCity business park will return between 700 and 1,000 jobs to central city neighborhoods," Mayor Barrett said. "State investment in this project will help to transform a highly distressed property into an economic engine and symbol of hope." Under the leadership of Mayor Barrett, the City of Milwaukee's Redevelopment Authority recently closed on the purchase of the former Tower Automotive property. Most of the site, which had been used for heavy industrial production for a century, will be redeveloped as a new business park known as Century City. Previous redevelopment projects similar to the one proposed at Century City, such as in Milwaukee's Menomonee Valley Industrial Center, have attracted significant new investment that has created hundreds of local jobs. The Mayor's plan is for the City to provide Tax Incremental Financing and other development tools to help grow businesses at CenturyCity, which in turn will become an economic anchor in the 30th Street Industrial Corridor. The $800,000 Blight Elimination and Brownfield Redevelopment (BEBR) grant from Commerce will be used for site clearance and will supplement the city's redevelopment efforts. The total project cost is over $30.5 million and the site cleanup project is expected to take over two years to complete. The site currently contains 2.1 million square feet of buildings in various states of disrepair.
The Tower Automotive project builds on the major investments Governor Doyle is making in the future of the state. Under the Governor's leadership, Wisconsin has gained some of the most powerful economic development tools in the country. The budget Governor Doyle signed last year made unprecedented investments in Wisconsin businesses, including powerful new tax credits designed to keep and add jobs. The budget also offered companies major new incentives to spur research and development and gave investors new tools to promote start-ups and new companies. The Governor's efforts have strengthened a continuous drive to modernize and grow all segments of Wisconsin's economy. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Police: Woman poisoned margarita to kill boyfriend - WTOP Posted: 07 Jan 2010 04:10 PM PST CANANDAIGUA, N.Y. (AP) - A western New York woman is accused of mixing up a batch of antifreeze-laced margaritas for her live-in boyfriend, who died four days after drinking the toxic cocktail. State police arrested 51-year-old Cynthia Galens of Farmington on Wednesday and charged her with second-degree murder in the death of 47-year-old Thomas Stack. On Oct. 3, medics summoned to the couple's home took an unresponsive Stack to the hospital, where he died. An autopsy listed the cause of death as "complications of ethylene glycol intoxication," referring to the active ingredient in automotive antifreeze. Troopers say they were tipped off this week that Galens was involved. She's in the Monroe County jail without bail. Officials didn't know whether she has a lawyer yet. (Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Hydro Completes Divestiture of Automotive Structures Business - Azom.com Posted: 06 Jan 2010 10:09 PM PST The sale of Hydro's Automotive Structures business to the Germany-based Benteler Group has been finalized. The unit's 1,200 employees joined Benteler on January 1.Automotive Structures was part of Hydro's Automotive sector in the Extruded Products business area. Its largest operation is located in Raufoss, Norway, but the unit also has activities in China, Czech Republic, Denmark, France, Germany, South Korea, Sweden and the United States. Hydro announced on October 27, 2009 that it had agreed to sell its Automotive Structures activities to Benteler, and that the acquisition would be effective from January 1, pending relevant approvals. On December 31 Hydro completed the divestment. As announced on October 27, the transaction is cash neutral for Hydro. An after tax loss of NOK 250 million will be recognized in Hydro's fourth quarter 2009 results. More than 70 percent of Benteler's business volume is with the automotive industry, and the company is one of the industry's largest independent suppliers. Posted Jan 6, 2010 Related News
Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.  This posting includes an audio/video/photo media file: Download Now |
| Ralph Schomp car dealership settles bias suit for $1.5 million - Denver Post Posted: 08 Jan 2010 12:03 AM PST A Colorado car dealership has agreed to pay $1.5 million to settle a sex- and age-discrimination lawsuit. Arapahoe Motors, doing business as Ralph Schomp Automotive, will pay $1.505 million and "furnish other relief" to settle a suit against the company filed by the federal government on behalf of 10 former employees, the Equal Employment Opportunity Commission announced Thursday. In a statement, the dealership said the decision to settle is an effort to protect the company and employees from economic hardship. Ralph Schomp said that it still denies all the allegations. The five women represented by the EEOC were "subjected to sex discrimination and a sexually hostile work environment while employed by the car dealership," the EEOC said in a news release. The EEOC also alleged that five "older" employees were fired because of their ages and replaced with younger, less-experienced workers. Kieran Nicholson, The Denver Post Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.  This posting includes an audio/video/photo media file: Download Now |
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