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Gov. Granholm Says Auto Industry Future Much Brighter Than Year Ago

Mary Poppins Style Guv Buoyed by Overseas Trip Feedback on GM, Chrysler

April 18, 2010       Leave a Comment
By: Dave Rogers

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What a difference a year makes!

A politically battered Governor Jennifer M. Granholm, her poll ratings lower than ever, still has some fight left.

The Guv has returned from a 6-day European trip much more confident about the future of the U.S. auto industry.

The governor told Detroit Free Press columnist Tom Walsh she was encouraged by her meeting with Fiat and Chrysler CEO Sergio Marchionne.

"Last spring, I was feeling enormously apprehensive and sad" about the impending bankruptcies of General Motors and Chrysler, Granholm told Walsh in a telephone interview from Stuttgart, Germany. But both GM and Chrysler, after infusions of government cash, new ownership and restructuring in bankruptcy, now "are doing better than anticipated," she said.

Marchionne is "very bullish" about Chrysler's prospects, Granholm said after meeting with him Monday in Italy, where she also spoke with about 15 Italian auto suppliers. Eugenio Razelli, CEO of parts-maker Magneti Marelli, finalized a deal to add 200 jobs at a facility in Auburn Hills.

Marchionne asserts that Chrysler will break even this year, or maybe even make a small profit.

"He was so very confident about the future of Chrysler," she said. "I personally would like to see more of that confidence publicly, because I think if people see him more, that they will feel more confident about Chrysler's future."

The latest overseas trip was Granholm's 10th since taking office in 2003. It won't necessarily be her last, said Granholm, who leaves office at the end of the year.

She has traveled to Austria, Belgium, Germany, Israel, Japan, Jordan and Sweden and said those trips helped bring more than $1.7 billion in investment from 47 companies to Michigan.

Devastating job losses during her two terms in office have been hard to handle, but the governor's Mary Poppins like attitude still persists.

"Things are so much better than we feared a year ago," she exclaimed.

I guess that's the job of a leader -- to stay positive no matter what the conditions -- and hope things turn around quick enough to rescue their reputation. It appears that is a remote possibility in Gov. Granholm's case.

The tour to Italy and Germany was the governor's tenth overseas investment mission since 2004.

According to state officials, the governor's previous missions to Austria, Belgium, Germany, Israel, Japan, Jordan and Sweden have resulted in 47 companies announcing over $1.6 billion in new investment in Michigan and 12,995 (7,344 direct) jobs created and retained.

The governor's overseas investment mission to Italy and Germany was highlighted by a speech Wednesday before 100 company leaders, government officials and members of the German press.

The event was co-hosted by the Chamber of Industry and Commerce of the Stuttgart Region and the Byrnes Institute in Stuttgart.

"This mission is about going anywhere and doing anything to bring new investment and jobs to Michigan," Ms. Granholm said.

"The overwhelmingly positive response I received from Italian and German business executives demonstrates that we have done a solid job making our case: an aggressive economic diversification strategy, a competitive business climate, and a highly-skilled and highly-productive workforce."

While in Germany, the governor also made the case for Michigan in a plant tour and meetings today with executives from the Bosch Group and Daimler AG.

Ms. Granholm also pitched officials from Kostal, a manufacturer of electromechanical and mechatronic products; and the Rexroth Bosch Drive and Control. Kostal is interested in a manufacturing site for patented connector products for solar, stationary battery and EV battery applications, and will make a decision soon on a U.S. location.

The governor also connected with Dieter Zetsche while in Germany, and underscored her support for the Daimler Truck engine plant project in Redford Township. She took note of Daimler's new joint venture with Renault Nissan and encouraged Zetsche to consider Michigan for any new investment opportunities.

Granholm and Michigan Economic Development Corporation President and CEO Greg Main began their two-country investment mission April 9, encouraging companies to expand or establish their presence in Michigan.

In all, the governor met with CEOs and senior leadership from 10 companies and reached dozens more during speeches in Italy at the National Association of the Automotive Industry (ANFIA) luncheon and in Germany at the Stuttgart Chamber of Commerce event.

"Michigan has a great story to tell and doing so in person with C-level executives and decision-makers enables us to continue to win investment and jobs from global companies who want to benefit from the exciting things happening here," Main said. While in Italy, the governor met with:

- Fincantieri Marine Group LLC CEO Giuseppe Bono and other senior leadership, a global designer and manufacturer of merchant and naval vessels. Marinette Marine-Fincantieri, which operates a shipbuilding facility in Marinette, Wis., on the Michigan border adjacent to Menominee, is partnering with Lockheed Martin to win the U.S. Navy's Littoral Combat Ship (LCS) contract from the Department of Defense that has the potential to create an initial 2,630 Michigan jobs in both the upper and lower peninsulas;

- Italian Secretary of State Stefania Craxi to discuss the importance of the Italian Consulate in Detroit;

- Officials of Magneti Marelli, a supplier of engine, powertrain and electrical components to Fiat, who have announced they will add at least 200 jobs at an Auburn Hills location;

- Fiat S.p.A and Chrysler Group LLC CEO Sergio Marchionne to thank him for his company's past commitment to Michigan and make the case for additional investment and jobs in the future. Approximately 25 executives from Italian auto suppliers attended a National Association of the Automotive Industry luncheon where the governor highlighted Michigan's automotive research and development strengths and diversification efforts;

- FIAMM officials and Comec senior leaders, both leading Italian automotive suppliers.

The governor's bounce back attitude brings to mind not only the refreshing optimism of a Mary Poppins but also the the advice of tenacious leaders like Winston Churchill and Vince Lombardi: "Never, never, ever give up." ###

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Dave Rogers

Dave Rogers is a former editorial writer for the Bay City Times and a widely read,
respected journalist/writer in and around Bay City.
(Contact Dave Via Email at carraroe@aol.com)

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