Tagged: auto

Representative Nancy Pelosi, outgoing Speaker of the U.S. House of Representatives, will visit the North American International Auto Show next week in Detroit.

The Democratic Representative from California says she will visit the show on Monday, which is the first day of previews for the media.  The show opens to the public on January 15th and runs through January 23rd at Cobo Center in downtown Detroit.

As the Associated Press reports:

Pelosi says a string manufacturing base is vital to the nation's security and competitiveness. She says Detroit's automakers are central to efforts to grow a "clean, green economy."

The Detroit Free Press reports that Michigan Democratic Representative John Dingell invited Pelosi to the show.

One one expert calls it "the biggest auto verdict in the state this year."

Danielle Salisbury of the Jackson Citizen Patriot reports a jury awarded James Fairly and his wife Kimberley Fairley $3.5 million in pain and suffering as a result of traffic accident Mr. Fairly was in.

Perhaps another sign that the 'Great Recession' is thawing. Lending to people with a so-so credit score is on the uptick - at least in the car market.

The Associated Press reports "the percentage of loans going to subprime buyers rose 8% in the third quarter, their first year-over-year increase since 2007, according to a report issued Tuesday by Experian, a credit reporting agency."

Update: 3:20pm:

The Detroit Free Press reports on what we expected from the announcement at Chrysler's Sterling Heights Assembly Plant.

Chrysler will add a second shift in early 2011 of about 900 additional workers. Many of those workers will be workers who are called back from temporary layoff.

It was ground zero for the "arsenal of democracy" in the 1940s. Henry Ford built the giant Willow Run factory to manufacture B-24 bombers in World War II. Later GM took over the building making everything from Chevy trucks, the Caprice, the Nova, Corvairs, and transmissions.

Today, the materials inside the plant are being auctioned off as part of the "Old GM's" bankruptcy reorganization (old GM is now known as the Motors Liquidation Company).