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Business News

Recovery depends on GM wooing car buyers

July 18, 2008

DETROIT (AP) — People want small cars that get great gas mileage. General Motors Corp. is known for making top-notch trucks and sport utility vehicles. The company’s survival now hinges on the difficult task of convincing buyers that its upgraded cars are just as good as its trucks and worth some extra cash. That’s essentially the business plan for the reconstituted GM. Yes, the plan still includes selling a lot of pickups and SUVs, but nowhere near the volume of past years when GM could count on pocketing upward of $10,000 on every big vehicle. Instead, the revenue to sustain the nearly century-old industrial giant will have to come from cars, which have typically made only hundreds of dollars in profits. Better cars, and lots of them. The change has come quickly. Faced with high gas prices and a weak economy, GM’s sales fell 16 percent for the first half of the year, with trucks off 21 percent and cars down nearly 9 percent.

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Marquette Pediatric Dentistry opens

July 18, 2008

The Lake Superior Community Partnership joined Marquette Pediatric Dentistry to help celebrate its grand opening at a ribbon-cutting ceremony at 1025 N. Third St. in Marquette.

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VW choice boosts Chattanooga

July 18, 2008

CHATTANOOGA, Tenn. (AP) — When Volkswagen said yes, a city that shed its reputation for dirty air to become a top outdoors destination forgot years of frustrating rejections by automakers.

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Tribe plans casino at closed horse track

July 18, 2008

FRUITPORT TOWNSHIP (AP) — An American Indian tribe plans to open its second western Michigan casino at a closed thoroughbred horse racing track in the Muskegon area.

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Progress Report

July 18, 2008

Upper Peninsula Home Health, Hospice and Private Duty has named its 2008 Employees of the Year.

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Federal contracts nearly exclusive to Beltway

July 18, 2008

BELCHERTOWN, Mass. (AP)— Small firms that want to do business with the federal government must keep three cardinal rules in mind:

Location, location, location.

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