Detroit Bankruptcy: Will General Motors Company (GM) And Ford Motor Company (F) Earnings Be Affected? [VIDEO]

Keith Bliss, senior vice president and director of sales & marketing at Cuttone & Co. Inc., weighs in on the City of Detroit filing for bankruptcy, and its effect on the future of auto giants General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F) as they prepare to report second-quarter earnings later this week.

Ford Motor Company (NYSE:F) is estimated to report second-quarter earnings of 37 cents per share on revenue of $35.24 billion on Wednesday, compared with a profit of 26 cents per share on revenue of $31.33 billion in the year-ago period, according to analysts polled by Reuters.

General Motors Co. (NYSE:GM) is forecast to book second-quarter earnings of 81 cents per share on revenue of $38.37 billion, compared with earnings of 90 cents a share on revenue of $37.60 billion in the year-ago quarter.