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Detroit’s lessons might affect answers on retirement

Labor, anyone? I grew up in Haifa, the Red City of Israel, where there were annual May Day parades with red flags and street dancing, speeches and a day off for all. I loved this carnival, though my parents hated unions and all they represented, especially their political power that could, at the drop of… Continue Reading Detroit’s lessons might affect answers on retirement

Sales of Jeep Grand Cherokee and Dodge Durango SUVs are so strong that their factory will stay open through the normal two-week summer shutdown. Automakers typically close plants around the July 4 holiday to update cars and trucks for the new model year and maintain the machinery. But the Jefferson North factory in Detroit that… Continue Reading Strong Grand Cherokee sales keep factory humming

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US gov’t ends Chrysler investment

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The Treasury Department said Thursday it has exited its investment in Chrysler LLC after Italian automaker Fiat SpA purchased the U.S. government’s remaining holdings in the auto company. Fiat paid $560 million to the Treasury Department for the government’s 98,000 shares. Fiat has run the company since it emerged from bankruptcy protection in June 2009.… Continue Reading US gov’t ends Chrysler investment

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