DETROIT - Well, we knew they were going to bad and they were. Sales of new cars in the American market fell over 35 percent last month. The hardest hit automakers were Land Rover, Chrysler and Hyundai. The ones who suffered the least were Subaru, Audi and Volkswagen. According to Ward's the annualized sales rate
LANSING - Schemes to take advantage of Michigan's relatively high beverage deposit law by returning containers bought in other states are history with the signing by Governor Jennifer Granholm of a package imposing stiffer penalties and requiring retailers along and near the border to install machines that limit refunds to the in-state containers. Another law
GRAND RAPIDS - As much as 20 percent of your heating bills can be from poorly insulated foundations. So Great Lakes Superior Walls, which uses foam and other insulating properties, can save homeowners a lot of money each year on their energy bills. To listen, click on MITechNews.MediaRica.Com a>>
GRAND RAPIDS - If you want to save hundreds of dollars each year on your heating and cooling costs, perhaps upwards of one thousand dollars, you ought to have a home energy inspection done, says home energy auditor Gary Hammerlund of www.homeenergyinspections.com. To listen, click on MITechNews.MediaRica.Com a>>
DEARBORN ? The often stressful and frustrating task of parallel parking soon will be as easy as pressing a button for owners of the Lincoln MKS flagship sedan and all-new Lincoln MKT seven-passenger luxury crossover, thanks to an exclusive new technology from Ford Motor Company called Active Park Assist. Available in mid-2009 as an option
ALLEGAN - Perrigo Company Monday announced that it has received final approval from the U.S. Food and Drug Administration for its Abbreviated New Drug Application for over-the-counter Ibuprofen and Diphenhydramine Citrate Tablets, 200/38 mg. Perrigo is expecting to begin product shipments to retailers during the first quarter of calendar year 2009. The product will be
TRAVERSE CITY �?? Versus Technology reported a net loss of $808,000 for the fiscal year ended Oct. 31, almost four times the loss posted the year before. The increase in the reported net loss for the year was primarily attributable to a 26 percent increase in research and development and sales and marketing expenses. Net
LANSING - The electric restructuring legislation passed this year in Michigan provided little for alternative electric providers and their customers to like. They predicted throughout the process that the bills as structured would mean substantially higher electric rates and little actual development of alternative energy. Legislators can expect to hear from them if those predictions
NEW YORK - Eighty-nine entrepreneurs from Argentina, Brazil, Chile, Colombia, Jordan, Mexico, South Africa and Uruguay reported that the current credit crunch has led to reduced sales, a rise in input costs and difficulty in accessing financing. In the coming year, 55 percent of these entrepreneurs expect that it will be much more difficult to
WASHINGTON - Uncle Sam - in the form of the US Treasury - will inject up to $6 billion into GMAC, GM's financing arm, as part of a plan to pump more cash into GM and aid the struggling auto industry. Under the plan, the Treasury will buy $5 billion in preferred GMAC shares, paying