One longtime GM Spring Hill employee keeps his chin up after reports today that the auto maker has chosen a Michigan plant to build its next-generation small car.
"I am a person who believes you have got a great work force. You have a great plant. General Motors is separating the bad GM from the good and reinventing themselves and looking for a new path to take. I would think they understand they have a valuable asset there."
Jun 25, 2009 8:34 PM
Tennessee's junior senator has been a thorn in the side of the Obama administraton during the auto crisis. Nolan Finley of The Detroit News says that may actually end up working in Spring Hill's favor.
Jun 16, 2009 6:58 PM
The Michigan town competing with Spring Hill and a Wisconsin plant has lined up a number of incentives to sway General Motors, which will soon decide where to build its next-gen small car. Gov. Bredesen last week said he's not interested in paying hundreds of millions to help GM make its choice.
Jun 16, 2009 3:39 PM
Officials at the auto maker say they have begun formal talks with representatives from Tennessee, Michigan and Wisconsin as well as federal officials about where they will build their planned next-generation small car.
Emerging from a meeting with Tennessee officials — the first of three meetings with state and federal delegations on Wednesday — Clarke said he wanted to lay out what GM was looking for in a new site. "I think a lot of (the discussion) was just getting an understanding," he said. "We wanted to make ourselves available to answer questions at whatever level of detail the state delegations wanted."
Jun 10, 2009 3:19 PM
General Motors' Maury County plant – called a 'secret weapon' by Lamar Alexander – stands a good chance of being picked to build the company's next-generation small car, says David Cole of the Center of Automotive Research.
"It is a relatively new plant and it also is a plant that has had a history of good performance," he said. Cole said he is "hard pressed to think of a reason why they wouldn't" be picked.For the flip side, read this piece from The Oakland Press on GM's Orion Township plant.
Jun 8, 2009 8:03 AM
After it ends production of the Chevrolet Traverse this fall, Spring Hill may retool to become the manufacturer of the new small car GM said last week it will produce in the U.S. The other plant in consideration for the project is in Orion, Mich., north of Detroit.
Jun 1, 2009 10:28 AM
File this under 'States we don't want to be compared to right now:' Updating its commercial mortgage-backed securities numbers, Fitch Ratings says only Michigan has a higher default rate than Tennessee. Fitch analysts also say it doesn't appear the market is digesting the sour stuff.
While the loans secured by properties located in the worst performing states account for less than 6% of the Fitch-rated universe by balance, they make up nearly one-fourth of all real estate owned (REO) loans tracked in the index — an indication that special servicers are finding limited opportunities to work out or to quickly dispose of assets in these locations. Each of the preceding states has an unemployment rate significantly higher than the 8.9% national rate.
May 18, 2009 1:29 PM
- ALEX B FRUIN INHERITANCE TRUST; CANDACE F STEFANSIC INHERITANCE TRUST; CANDANCE F STEFANSIC INHERITANCE TRUST; FRUIN, ALEX B TRUSTEE; FRUIN ALEX B INHERITANCE TRUST; STEFANSIC, CANDACE F TRUSTEE; STEFANSIC CANDACE F INHERITANCE TRUST; STEFANSIC CANDANCE F INHERITANCE TRUST
- ROSS, BRIDGETT D
- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS