The Detroit Auto show next week is one of the most important events on the automotive calendar, and 2013 features some exciting new vehicles coming onto the market.
General Motors stake owned by the US treasury will be sold over the coming year, assuring a multibillion-dollar loss for the federal government. General Motors will buy back $5.5 billion in shares, and the Treasury will have to sell the rest of the stock at a high price in order to break even on the $50 billion bailout GM received.
Wisconsin revoked collective bargaining for most public-sector unions, a slap to the labor movement. Michigan's bid to become a 'right to work' state is an even bigger blow to unions.