Spring Break
The recent financial bailouts approved by Congress have given manufactures a reason to ask for federal loans. The latest requests are coming from Detroit's Big Three auto manufacturers: Ford, General Motors and Chrysler. The bailout loan requests started at $25 billion, but now the automakers are asking for $34 billion. (1) comment
In the 20th Century, Hillsdale County boasted a robust automotive industry that featured Jonesville-made cars recognized nationwide. "In the village of Jonesville, they manufactured cars at the Deal car company. At the turn of the 1900s, they made cars that were successful for a long time," said Howard Turner, executive director of the Hillsdale County Industrial Development Commission. (1) comment
The credit woes of Detroit's Big Three, General Motors Corp., Chrysler LLC and Ford Motor Co., will mean hard times for car dealerships across the nation, cost-efficiency becoming the driving force. As these manufacturers request financial aid from the government to stay afloat, many dealerships have lost part, if not all, of their funding from their manufacturers. (1) comment
