Only a couple of weeks after Barack Obama won the presidency in 2008, the man who would become his Republican challenger in the next election penned a New York Times column with a fateful headline: “Let Detroit Go Bankrupt.”
In an era of usually bad economic news, Arlington’s story is surprisingly upbeat. The city’s sales tax revenues were up nearly five percent from last year setting a new record for revenue. Some business owners say the city is evolving as a destination for consumers.
Auto manufacturing is back in America – especially in Michigan, Ohio and Pennsylvania because President Obama made the politically risky decision to bailout the auto industry after bailing out the banks. It was a decision that worked. Obama was right, Romney was wrong. So Romney is now in full lying mode. He is trying to retroactively re-write the wrongs in his writings.
Yes, it’s great that all turned out well for the auto workers, but it is absolutely horrendous to know that the American taxpayers via President Obama’s actions could have been left standing for billions of dollars – and still might.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Some workers at the Arlington General Motors plant are taking time away from the production line this week to provide some hands-on community service.
General Motors says it will hire up to 500 people to staff a new computer center in Austin. The automaker says it will hire software developers, project managers, database experts and business analysts.
Arlington’s General Motors plant will add another 800 jobs by the first quarter of 2013 to continue to meet production goals without demanding overtime of its shift workers, the Detroit-based automobile manufacturer announced Friday.
A risk of engine fires is forcing General Motors to recall its popular Chevrolet Cruze. The recall covers the 2011 and 2012 models and affects more than 475,000 cars.
The public will get a rare chance to see what goes on behind the walls at Arlington’s General Motors plant. GM is offering free tours of the manufacturing facility on Highway 360.
A two-alarm fire broke out at the General Motors Plant just after noon on Saturday, causing employee evacuations but no injuries, an Arlington Fire Department dispatcher said.
General Motors is suspending production of its Chevrolet Volt electric car for five weeks — March 19 to April 23 — amid disappointing sales.