Ohio: Gm

June 1, 2009 - 02:09 pm
NEWS FEED: The Daily Briefing

Voinovich "hopeful" about GM future

Sen. George V. Voinovich, R-Ohio, is one Republican who is expressing optimism today that the General Motors bankruptcy could work, even as he expressed disappointment about the news that three Ohio plants will close in Groveport, Ontario and Parma.

May 21, 2009 - 10:15 am
NEWS FEED: Columbus Dispatch

Brunner tells GM to scrap plans to build overseas

Brunner also questioned the economic rationale that GM used to decide which of its dealerships
will remain open.

"When America's taxpayers are footing the bill to the tune of billions to keep these car giants
afloat, they deserve to know how and why the money is being spent," Brunner said in a release.
"While cuts may be inevitable in the process, decisions to manufacture cars overseas and sell them
in the U.S., while cutting jobs at dealerships who sell them, may be just short of ludicrous to
American taxpayers."

In her release, Brunner also noted that she and her husband own a GM truck and a Chrysler
car.

Brunner, Lt. Gov. Lee Fisher and state Rep. Tyrone Yates all have announced plans to seek the
Democratic nomination next May for the Senate seat that George V. Voinovich is vacating, and trade
and the future of the domestic auto industry are critical issues in the Democratic bastion of
northeastern Ohio.

March 2, 2009 - 08:11 am
NEWS FEED: Columbus Dispatch

Ohio goes global

Ohio is the only state in the country whose exports have increased every year since 1998, and it's seventh in the country for exports overall. According to new numbers from the U.S. Department of Commerce International Trade Administration, Ohio's exports grew by nearly 7 percent in 2008 over the previous year, to $45.5 billion. The state's biggest manufactured exports are automotive and airplane parts, machinery, chemicals, electronics and computers.

About 11,400 Ohio companies sell their products internationally, and nearly 300,000 jobs in this state depend upon exports. Only California and Texas have more jobs linked to manufacturing exports.

Canada buys 46 percent of Ohio's exported goods, followed by Mexico, at 7 percent.

February 28, 2009 - 08:50 am
NEWS FEED: Columbus Dispatch

Ohio jobless rate rockets to 8.8 percent

The rate, which was up 1.4 percentage points from the revised number for the previous month, was the largest one-month increase since 1980.

Also yesterday, the U.S. Commerce Department reported that the country's economic output dropped by 6.2 percent in the fourth quarter last year, a major shift from the 3.8 percent drop that had been expected. The dramatic fall in the gross domestic product showed that the economy is deteriorating faster than had been thought.

The deteriorating economy in Ohio was manifested last month by more major layoffs, an increasingly commonplace occurrence. Ohio's job losses in January were unusually high, even by the standards of the current downturn.

Lucious Plant is feeling the effects.

February 22, 2009 - 11:44 am
NEWS FEED: Glass City Jungle

Conklin & Company, cars and the “Stain” Glass City edition…

On this week’s Conklin & Company on WTVG Chris Cooper a Financial Planner and Gary Moore from UT College of Business on the Automotive Industry. Second segment was about Glass City (The Movie) and Take Three was with Schylar Meadows and Jon Stainbrook. As always this is not a precise transcript but notes typed while the program is aired live.

News conferences by two of the Big Three was the focus of the first section of Conklin & Company, Gary Moore said GM would be a much leaner company if it’s survives. Chris Cooper said the issue is going to be the longevity cost issue when it comes to pensions for the automotive industry, the State and other industries, all of these legacy costs, they are carrying this huge ball and chain that keeps them from being profitable.

February 13, 2009 - 08:03 am
NEWS FEED: Columbus Dispatch

How the stimulus bill helps Ohio

Democrats say the $8 billion or so expected to flow into Ohio will help create or save thousands of jobs, allow Gov. Ted Strickland to reduce the state's budget shortfall and give more than 4 million Ohioans at least a modest tax break.

Even so, Strickland speculated yesterday that the package still could leave a hole of $400 million or $500 million in his proposed $54.7 billion, two-year budget, based on previous assumptions of how much federal funding would be approved.

The governor said he needs more details about the final bill and last-minute changes, but he said that additional cuts to his proposed budget are possible, except in education spending, which he vowed to protect.

January 28, 2009 - 06:25 pm
NEWS FEED: Columbus Dispatch

Full text of Gov. Strickland's State of the State address

I'd like to first recognize that one of Ohio's great leaders, Senate President Bill Harris, was not able to be with us today. I know that he is in all of our thoughts and prayers, and we wish him a very speedy recovery.

Speaker Budish, Senate President Pro Tem Niehaus, Leader Batchelder and Leader Cafaro, Lt. Governor Fisher, statewide elected officials, members of the Cabinet, members of the General Assembly and the Supreme Court, distinguished guests, First Lady Frances Strickland, and my fellow Ohioans...

There was a time when Ohio State University played its football games on a dusty field surrounded by a humble collection of wooden bleachers.

Back then, OSU played teams from universities and small private colleges.

Fri, 12/12/2008 - 00:55

Brown and Voinovich express disappointment in failure of Senate to pass auto aid legislation

U.S. Sens. Sherrod Brown (D-Lorain) and George Voinovich (R-Cleveland) expressed disappointment late Thursday following the failure to break the Republican filibuster of legislation to provide bridge loans to the U.S. auto industry.

"It's unfathomable to me that Senate Republicans would turn their backs on millions of American families," Brown said. "During the recent campaign we heard a lot from Republicans about the people that make up the real America and even the Carhartts they wear. I guess that was then."

Thu, 12/11/2008 - 17:13

Redfern hits Ohio GOP Reps who voted against auto aid legislation

Ohio Democratic Party chairman Chris Redfern slammed various Ohio Republican U.S. Representatives Thursday for voting against legislation to provide bridge loans to the U.S. auto industry.

Read More >
Thu, 12/11/2008 - 13:11

Latta and Schmidt explain reasons for voting against auto bailout

U.S. Reps. Jean Schmidt (R-Loveland) and Bob Latta (R-Bowling Green) gave their reasons for voting against legislation passed in the U.S. House that seeks to give $14 billion in bridge loans to companies of the American auto industry.

 "The auto industry is a critical segment of our nation's economy, especially in Ohio," Latta said. "During the testimony from the ‘Detroit 3' and the drafting of this legislation, important questions remain unanswered that put the American taxpayer at serious risk."