Howes: GM is “on a roll,” Trump and Clinton “deeply flawed” | Michigan Radio

Howes: GM is “on a roll,” Trump and Clinton “deeply flawed”

Jul 21, 2016

In quarter two of last year, General Motors earned $1.1 billion.

General Motors earnings are up by 157%. They made $2.87 billion in the second quarter of this year.

This is up from $1.1 billion last year.

“General Motors continues to be on a roll,” said Detroit News business columnist Daniel Howes.

Howes said CEO Mary Barra is now trying to convince the investment community General Motors is an “earning machine.”


However, earlier this month a federal appeals court in Manhattan ruled that the General Motors bankruptcy does not protect it from lawsuits over the ignition-switch defect. Lawyers during that hearing were talking about $10 billion in claims.


“There are clearly offsets,” Howes said.

Howes says that, as we have seen with Volkswagen, the contemporary American legal system is going to hold manufacturers accountable.

“[General Motors is] going to have to continue to work their way through this,” he said.


To hear our full conversation with Howes, including his thoughts on the presidential election, listen below.

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Daniel Howes is business columnist and associate business editor of The Detroit News.