General Motors Co.'s campaign to prove it's new is making it look pretty old — and using the world's largest media market to do it.
Confirmation Tuesday that leaders of Detroit's retired police and firefighters will accept the city's latest offer on their claim — highlighted by no cuts to pensions and reductions to cost-of-living adjustments eliminated in earlier offers — is an encouraging turn in the nation's largest municipal bankruptcy case.
The hits keep on coming for the engineering diaspora of 'old GM.'
The race is on to sweeten the pot for city pensioners and 'save' the Detroit Institute of Arts in the process — depending, that is, on who's doing the offering.
Objections are mounting to Detroit's historic Chapter 9 case, but the ones likely to matter most are those tied to ballots soon to be issued to the city's retirees and active employees.
Gov. Rick Snyder can call Michigan the 'comeback state' all he wants, but his buddies in the business community have a reminder for him: The job isn't finished.
Kevyn Orr is opening the tap a little wider in southeast Michigan's water wars.
No matter how many times General Motors Co. CEO Mary Barra uttered the words 'unacceptable' and 'not the way we do business' to the House Oversight and Investigations Subcommittee on Tuesday, nine words echoed in a nauseating loop: 'None of the solutions represents an acceptable business case.'
Why would universities, purportedly the Defender of the Working Man, want to share that haul and their slice of billions in TV contract revenue with organizers from the Teamsters or the SEIU? They wouldn't.
However many times General Motors Co. CEO Mary Barra says the automaker's customers 'are our compass' in the expanding ignition-switch recall mess, the mounting evidence suggests the buying public was anything but a priority over a decade of denial, dysfunction and at least a dozen deaths.
When Chief U.S. District Judge Gerald Rosen pitched his plan to rescue the Detroit Institute of Arts' collection by bolstering city pensions in the city's bankruptcy, foundation leaders initially thought he was nuts.
When I asked a ranking auto industry executive this week what concerned him and his company most about seeing rivals tangling with the Justice Department, he offered two words: 'Criminal penalties.'
If the nation's long history of product recalls and corporate screw-ups is any indication, General Motors will survive the burgeoning ignition switch controversy already blamed for a dozen deaths.
By now it should be unambiguously clear that General Motors Co. is racing to get out whatever bad recall news is lurking inside its vast technical bureaucracy.
There's a long way to go in the federal investigation of General Motors' mushrooming ignition switch recall, but one thing already seems clear: the feds aren't ...
There are lots of auto executives sunning themselves down in Naples who could sympathize with Detroit Emergency Manager Kevyn Orr.
In a town full of big dogs, William Clay Ford Sr. was just about as big as they could get.
In one of his final interviews as CEO, Dan Akerson insisted General Motors Co. 'has changed' and 'it'll be hard to stop the change ... now in our DNA.'
Good for Blue Cross Blue Shield of Michigan, the insurer that booked net income of $265 million last year and boosted CEO Dan Loepp's total annual pay to $6.6 ...
Business / Economy / Politics / Autos
Daniel Howes is business columnist and associate business editor of The Detroit News. From 1999 to January 2003, he was based in Germany as The News' European correspondent and automotive columnist, reporting from more than 20 countries on three continents. Before heading to Europe, Howes was senior automotive writer and an investigative and projects reporter on the business desk. He came to Detroit in 1993 from The Roanoke Times in Virginia, where he covered business, politics and higher education. His column runs Tuesdays, Thursdays and Fridays. Reach him at firstname.lastname@example.org or through his blog.
More on Daniel Howes
- On media: He is a regular contributor to NewsTalk 760-WJR in Detroit and NPR's Michigan Radio, based in Ann Arbor. He appears often on radio and television locally, in the United States and overseas.
- On education: He holds a bachelor's degree in history from the College of Wooster in Ohio, and a master's in international affairs from Columbia University.
- On awards: Winner of multiple International Wheel Awards for column writing; a four-time winner of Northwestern University's Medill award for general markets coverage; a three-time finalist for the prestigious Gerald Loeb Awards, including an honorable mention for commentary in 2007; and winner of a Society of Business Editors and Writers award for commentary in 2012.
- Detroit Financial Review Final Report (PDF)
- Detroit Renaissance: Structural Reform Agenda (PDF)
- Road to Renaissance Report (PDF)
- University of Michigan Economic Outlook (PDF)
- Michigan Future Inc.: New Agenda for a New Michigan (PDF)
- U-M's Millenium Project: Roadmap to Michigan's Future
- Brookings Institution study: The Vital Center (PDF)
- Michigan Emergency Fiscal Memo
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