A bleak picture. We’ll see what happens to the show.
President Joe Biden’s visit to the Detroit Auto Show – aka NAIAS – closed the show floor for hour upon hours during what traditionally was an exciting and new-product dense press preview day.* Well, that was once upon a time. This for decades used to start the lead up to the paid-attendance public days in an attempt to spur buying interest during the dark days of winter.
Instead, this year as the show moved to warmer times there was a pervading atmosphere of what could be the demise of the show at Cobo Hall – now Huntington Place, which was refurbished at great taxpayer expense to ensure the future of the show. Continue reading
GM – $491M Goes to Indiana For EV Parts Making
Making the middle class great again….
General Motors (NYSE:GM) will spend $491 million at its Marion, Indiana metal stamping operations to prepare for making steel and aluminum parts for future products, including electric vehicles, built at multiple GM assembly plants.
The announcement was made yesterday as President Biden was in Detroit saying: “American manufacturing is back. Detroit is back. America is back. And, folks, we’re proving it’s never, ever, ever a good bet to bet against the American people. Never, never, never.” … “And, by the way, American manufacturing is roaring back. Just since I’ve been in office, we’ve already created 10 million new jobs – more jobs in that time period than any time in American history. (Applause.) The unemployment rate is 3.7%, near a 50-year low… Guess what? First year in office, we reduced the deficit by $350 billion. (Applause.) And guess what? This year – this year, we’re on track, at the end of the fiscal year, to reduce the deficit by over $1 trillion.” Biden certainly had valid points. Continue reading →