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...That doesn't mean Koch won't be busy. "They're going to get all the cats and dogs," says Van Conway, a corporate-restructuring expert from Birmingham, Mich. "It's probably going to take a couple of years to get rid of them all." (Watch a video about an optimistic Dodge dealer...

Author: /time Magazine | Title: Disposing of the Remains of the Old GM | 6/2/2009 | See Source »

...task is expected to be formidable. Part of the job of the chief restructuring officer will be to dispose of real estate such as closed factories. GM assembly plants in Pontiac, Mich. and Wilmington, Del., as well as power-train plants in Livonia, Flint and Ypsilanti Township, Mich., Parma, Ohio, and Fredericksburg, Va., were just added to the list. The automaker also is shutting underutilized stamping plants in Indianapolis and Mansfield, Ohio; and closing warehouses in Boston, Jacksonville, Fla., and Columbus, Ohio, all by the end of this year. Workers at all nine plants and the three warehouses were told...

Author: /time Magazine | Title: Disposing of the Remains of the Old GM | 6/2/2009 | See Source »

Willow Run, almost on the edge of Ann Arbor, Mich., was built not by GM but by Ford, opening in April 1942. From the start, its job was to turn out B-24 bombers, the workhorse of the U.S. Army Air Force's strategic campaigns in World War II, unaffectionately known to its crews as "the flying shithouse." The plant took a while to get going. There was a shortage of local labor, which meant that workers had to be imported from Appalachia (Ypsilanti, a local town, became known as "Ypsitucky"). Mosquitoes plagued the site until Henry Ford imported...

Author: /time Magazine | Title: Willow Run: An Obituary for GM's Most Famous Plant | 6/2/2009 | See Source »

...Moore was so misinformed and off the wall that if he said that gravity makes objects fall, I would stop believing in the laws of physics. I found myself agreeing with his every word. The managers and brokers who facilitated the greed should also be reviled. Ted Zaydel, Waterford, Mich...

Author: /time Magazine | Title: Inbox | 6/1/2009 | See Source »

...Bird. JetAmerica, a new low-cost airline, is scheduled to start service in July to four U.S. cities - Toledo, Ohio; South Bend, Ind.; Lansing, Mich.; and Melbourne, Fla. The new venture is starting small, flying just one Boeing 737-800, with plans to add new aircraft by July 2010. For now, the big draw is JetAmerica's fares: depending on the flight, the first nine to 19 seats will sell for just $9 each, with the rest of the seats sliding up in price to $199, depending on how quickly you book. No matter how low your base fare, there...

Author: /time Magazine | Title: Summer Travel: Hotels for Under $100 | 6/1/2009 | See Source »

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