Snyder to decide this week whether to expand Medicaid
In his budget address this week, Gov. Rick Snyder will announce whether he'll expand Medicaid. Under the Affordable Care Act, the federal government would pay for the state to allow an additional 400,000 people in the state to receive Medicaid coverage. The state would eventually have to pay for a portion of the costs, Rick Pluta reports.
Snyder to propose adding $50 to $100 million to Rainy Day Fund
Gov. Rick Snyder is expected to recommend that the state add $50 to $100 million to its Budget Stabilization Fund, better known as the Rainy Day Fund. Some Democrats argue though that now is not the time to be saving. The Detroit Free Press quotes Gilda Jacobs, president and CEO of the Michigan League for Public Policy.
"For lots of families, it is raining right now," Jacobs said. "There really is the opportunity to take a portion of the money that is in the Rainy Day Fund and use it for families that are experiencing hardship."
Chrysler pays tribute to troops, farmers in two Super Bowl ads
Chrysler's two Super Bowl ads were among the most well-received auto advertisements according to the Detroit Free Press. Chrysler's first ad, voiced by Oprah Winfrey, was a Jeep spot that paid tribute to the military. Their second commercial, an ad for Ram pickup trucks, featured the late radio personality Paul Harvey reading "So God Made a Farmer."
At the North American International Auto Show today, the Chinese-owned Guangzhou Automobile Group, or GAC Motors, announced plans to build Jeeps to sell in the Chinese market.
GAC Motors is a state-owned automobile business located in the city of Guangzhou in southern China.
In a statement, Fred Diaz, President and CEO of Ram Truck Brand and Chrysler de Mexico, Chrysler Group LLC, said:
"For the Ram Truck Brand, this ranks as one of the proudest days in our history. Every truck-maker aspires to win the North American Truck/Utility of the Year. I tip my hat to the folks who worked behind the scenes to make the 2013 Ram 1500 a technological triumph."
Italian automaker Fiat, already Chrysler's majority owner, has announced plans to acquire another stake in the Detroit car company.
Fiat currently owns 58.57 percent of Chrysler. The rest is held by VEBA - the Voluntary Employee Beneficiary Association. The VEBA was given stock in Chrysler in lieu of cash payments to cover union retiree health care costs, which were shifted to the UAW in 2007.
Fiat says it intends to exercise an option for 3.3% of VEBA's stock, for $198 million.
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