DETROIT - At the National Summit in Detroit yesterday, Bill Ford, Jr. called for more transparency in how the U.S. government is involved in running General Motors and Chrysler. The Detroit News quoted Bill Ford as saying, "There are issues that we just don�??t have answers to yet in terms of government ownership in our
DETROIT - More delays in the Chrysler bankruptcy. Supreme Court Justice Ruth Ginsburg issued a stay that prevents Fiat from taking control of Chrysler. She was responding to a filing by the pension funds of the state of Indiana. Now we�??ll have to see if the other justices on the Supreme Court want to hear
AUBURN HILLS - Plex Systems CEO Mark Symonds said his factory automation software system can help food manufacturers avoid problems like the peanut butter salmonella scare earlier this spring. To listen, click on MITechNews.MediaRica.Com a>>
AUBURN HILLS - Plex Systems, the maker of Plex Online, a factory automation software tool, continues to win clients in a down economy. Plex Systems CEO Mark Symonds explains why in this Plex Systems edition of Newsmaker Interview. To listen, click on MITechNews.MediaRica.Com a>>
DETROIT - Indiana State Treasurer Richard Mourdock, who oversees pensions for his state�??s retirees, is objecting to Chryslers bankruptcy plans, claiming it will hurt pensions. According to Reuters, court papers have been filed that request an examiner be appointed to investigate Chrysler's business decisions and also appoint an independent trustee to oversee the Chapter 11
YPSILANTI - University of Michigan Finance Professor David Brophy, who has been running his Michigan Growth Capital Symposium for 30 years, also has been saying for about the same length of time that as long as the auto industry was doing great in Michigan, the state's economy would never become entrepreneur friendly. Now that the
ROCHESTER HILLS - Michael Thibideau, CIO at Webasto North America, is the ConnecTech Mentor of the Month. To learn more about this mentorship program, which pairs verteran CIOs with up and comers, listen to this Newsmaker Interview. To listen, click on MITechNews.MediaRica.Com a>>
TRAVERSE CITY - Brian Hall, vice president of the ConnecTech Grand Traverse Bay chapter, is the April member profile on the ConnecTech Channel. To listen, click on MITechNews.MediaRica.Com a>>
DETROIT - Al Bacon, Director of Finance for Wayne State University's TechTown incubator, is hosted a Faith-Based Business Forum April 14 to teach non profits how to act like for-profit businesses. He?ll also discuss how non-profits can get qualified advice on finances. To listen, click on MITechNews.MediaRica.Com a>>
DETROIT - Chrysler is struggling to get its banks to accept stock instead of getting $5 billion in cash, the Associated Press reports. Chrysler is also having problems getting its bondholders and the UAW to accept stock instead of the cash that they're owed. But the banks own Chrysler assets like factories and equipment. So