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Daniel Howes

Daniel Howes is columnist and associate business editor of The Detroit News. A former European correspondent for The News, he has reported from nearly 25 countries on three continents and in the Middle East. Before heading to Europe in 1999, Howes was senior automotive writer and a business projects writer. He is a frequent contributor to NewsTalk 760-WJR in Detroit and a weekly contributor to Michigan Radio in Ann Arbor.

Howes is winner of multiple International Wheel Awards for column writing; a four-time winner of Northwestern University’s Medill award for general markets coverage; three-time winner for commentary from the Society of Business Editors and Writers; and a three-time finalist for the Gerald Loeb Awards, including an honorable mention for commentary in 2007.

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.

Thetoad / Flickr - http://j.mp/1SPGCl0

By now you’ve heard about Michigan’s “Comeback.”

You can find it in booming auto sales and fat corporate profits. You can feel it in a 5.1% unemployment rate. That’s roughly a third of its high point in the throes of the Great Recession.

You can see the revival all over downtown Detroit. That’s where billions in fresh capital are remaking an urban core into the kind of hip and happening place that a lot of folks thought they’d never see in the city America gave up for dead.

But that’s only part of the story.

NEW YORK INTERNATIONAL AUTO SHOW

These days, Detroit is all about showing it’s new. It’s different. That it’s learned from the past.

Then what happened at the New York Auto Show this week? Markets collided, and the winners are buyers of trucks, SUVs and even muscle cars, not investors hot for all things electric.

Major players transformed the Big Apple into a shameless celebration of size and horsepower. It’s more evidence that the emissions-free future touted by the industry and rewarded by traders is trumped by reality, that is: consumer demand, low interest rates and cheap gas.

The Tesla Model S, first introduced in June 2012
Tesla Motors

Here’s the latest Detroit indignity: Tiny Tesla, the electric automaker, is felling giants.

The Silicon Valley startup created in 2003 is worth more in market value than the American industrial icon founded exactly 100 years earlier by Henry Ford, the premier innovator of his time.

Tesla’s not far behind General Motors, either. The promise of game-changing innovation, the hope that someone new can crack the emissions-free code is causing tons of smart money to flow into Chairman Elon Musk’s Tesla.

Nearly $49 billion-worth, to be precise.

Ford Motor Company saw its sales drop by 7% from March of 2016, the most of the Big Three automakers.
Ford Motor Company

Forget the “Lost Decade.”

Profitable automakers racing for the new-new thing of mobility are starting to create the "Next Decade." On one track are the likes of General Motors and Ford Motor, each booking record profits on the strength of trucks and SUVs. On the other track is a whole new world with the power to change the perception – and reality – of Michigan as we know it.

Chrysler headquarters in Auburn Hills, Michigan.
flickr user fiatontheweb / creative commons

By now it should be obvious that Fiat Chrysler Automobiles is for sale.

Not in a desperate do-a-deal-now kind of way. But in a persistent, strategically logical way.

Why? Because CEO Sergio Marchionne says as much, repeatedly. He understands better than most the capital demands of today’s global auto industry -- and FCA’s limited capacity to meet them.

Big Three New World

Mar 11, 2017
user paul (dex) / Flickr

GM is bailing out of Europe. The company is cashing in its Euro-chips and choosing to focus more on other markets. And GM’s not alone in that. While it might look like the Detroit car makers are turning tail and running, Daniel Howes of The Detroit News explains why it could be a good thing for Michigan.

Sarah Cwiek / Michigan Radio

Mike Duggan knows politics.

That’s partly why Detroit’s mayor is alleging that former Emergency Manager Kevyn Orr misled him about the city’s pension exposure. It’s an insurance policy.

Mike Ilitch (center) with Tigers pitcher Justin Verlander (right) and Alex Avila (left) in 2011.
Dave Hogg / Flickr - http://j.mp/1SPGCl0

They don’t make ‘em much like Mike Ilitch anymore.

Here was Detroit distilled, the local guy done good, the former Marine and aspiring shortstop, his Tigers career cut short by a bad knee. The guy who told his teammates he'd open pizza shops across America if his baseball thing didn't work out.

The incomplete Wayne County jail.
Wayne County

Who would ever think there could be so much riding on a county jail?

Mortgage mogul Dan Gilbert is ready to spend $420 million to build a new criminal justice complex for Wayne County. And he only wants $300 million to do it.

Daniel Howes / Detroit News

Donald Trump is not making things easy for business and state government, and that includes Gov. Rick Snyder’s Michigan.

Daniel Howes / Detroit News

Nearly half the country may have found the first week of Donald Trump’s presidency full of depressing news, but Detroit arguably shouldn’t be one of them.