Category Archives: Trump Truth Tests

GM 2025 Guidance – Trump Tariff Exposure $4-5 Billion!

Posted on 1 May 2025 by Ken Zino

General Motors (NYSE: GM) this morning issued its 2025 full year earnings guidance after a delay earlier this week caused by the ongoing chaos of the Trump tariff pandemic. While the goals and rhetoric  of the current mis-administration continue to fluctuate wildly behind a non-transparent word barrage of lies, false facts, and ignorant assertions, General Motors remains focused and amazingly consistent in stating its goals and steps taken to achieve them given the growing Trump disease infested swamp in Washington.

“We are updating our full-year EBIT-adjusted guidance to a range of $10 billion – $12.5 billion, including a current tariff exposure of $4 billion – $5 billion,” said GM Chair and CEO Mary Barra. “We look forward to maintaining our strong dialogue with the Administration on trade and other policies as they continue to evolve. As you know, there are ongoing discussions with key trade partners that may also have an impact. We will continue to be nimble and disciplined and update you as we know more.” Continue reading →

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McKinsey on EVs – China Most Advanced Region by Far

Posted on 28 April 2025 by Ken Zino

Electric vehicles (EVs) are increasing market share, cars are becoming more connected, and autonomous vehicles are gradually starting to appear on more streets worldwide. However, the transition to new technologies has not been without challenges and kinks, especially with consumer sentiment in the EV sector, according to the Annual Mobility Survey by the respected McKinsey & Company consultancy. Respondents came from China, Europe, and the United States. The 2025 survey released today is ongoing. It will eventually include respondents from nine countries [an unknown number of which Trump wants to takeover – AutoCrat].

“After rising rapidly for years, EV sales growth has slowed in many regions. Meanwhile, new competitors, especially those from China, are entering the EV market and attracting attention by offering innovative and technologically-sophisticated vehicles that are often more affordable than offerings from incumbents,” according to the detailed, multi-sourced McKinsey analysis.* Continue reading →

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Tesla Tanking as Musk Leaves DOGE

Posted on 23 April 2025 by Ken Zino

Tesla said late yesterday that 2025 profits during Q1 plunged from $1.39 billion to $409 million. This was a drastic drop from analyst guess-timates as the Elon Musk’s DOGE chainsaw kicked back on the company and slashed revenue from $21.3 billion to $19.3 billion. Amidst the carnage of lower customer deliveries, lower margins and lower profits, Elon Musk also claimed that he was leaving DOGE behind as his major work there was finished.

“So at Tesla, we’ve gone through many, many of crisis over the years and actually been through many near death experiences. Like, we probably were on the ragged edge of death at least on maybe a dozen times,” Musk claimed. “This is not one of those times.” Continue reading →

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Trump Tariff Pandemic is Crisis for the U.S. Auto Industry

Posted on 17 April 2025 by Ken Zino

Swamy Kotagiri the Chief Executive Officer of MAGNA spoke to the Automotive Press Association this week in Michigan about the complexities of the global automobile industry. He spoke as global volumes are relatively flat and volumes in North America and Europe are down. Now programs are being canceled after the investments are made. Volumes are being reduced after the capacity is installed.

“There is increased spending over a smaller number of units. This is sub-optimal for returns. And what does our industry look for? Scale and we need stability to be efficient through the value chain, given how the industry works to be efficient,” said Kotagiri, whose next big event is the Shanghai Motor Show at the end of the month to be held in the midst of the ongoing Trump versus the world trade wars. Last year MAGNA did ~$5.5 billion in sales in China, growing 15%. Continue reading →

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Pew Research on Trump Versus the Media

Posted on 10 April 2025 by Ken Zino

A Federal Judge has ordered the Trump Administration to reestablish access of The Associated Press to government facilities after The AP refused to use Gulf of Mexico decree from Trump. This prompted the independent Pew Research Center to release its polling data on opinions of, well, the threadbare Trump versus the media attacks.

“Americans are more likely to say the Trump administration has been too critical of the media (46%) than to say the administration has not been critical enough (22%), while 29% say the administration has been mostly fair. Democrats are much more likely than Republicans to say the Trump administration has been too critical of the news media (70% vs. 23%),” Pew noted. Continue reading →

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Trump Tariff Chaos – Latest CAR Analysis is Grim

Posted on 10 April 2025 by Ken Zino

The Center for Automotive Research (CAR) released today a new analysis of the impact of potential tariffs on imported auto parts and light vehicles. It tackles what impact will a uniform 25% tariff on all trading partners have on the automotive industry overall?

“The analysis emphasizes the complexity of the modern automotive supply chain, noting that ‘the modern automotive supply chain is both global and complex, convoluting the seemingly simple question of the cost of 25% tariffs on the industry,’ and that ‘automakers and their suppliers are often multinational companies with facilities spread out across the world,’ making it difficult to discern how much of a vehicle is domestically produced,” said Dr. K. Venkatesh Prasad, Senior Vice President of Research and Chief Innovation Officer at CAR Continue reading →

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Kill The Cuts National Day of Action Against Trump Administration

Posted on 9 April 2025 by Ken Zino

Researchers and educators who have had their funding cut spoke today at 37 separate demonstrations about the effects this Trump Administration assault on publicly-funded research is having at their institutions and across the country. Senator Ed Markey and Representatives Jayapal and Simon were at the DC rally. President Trump has issued Executive Orders attacking the NIH, NSF, while dismantling the Department of Education.

“Thousands of people across the country came together today for Kill the Cuts, a national Day of Action to raise awareness and fight back against the Trump administration’s devastating attacks on research, health, and higher education. The events (see the full list here) were sponsored by a coalition of education, labor and health advocates, including UAW, SEIU, AFSCME, UE, NEA, AFT, CWA, AAUP, HELU, Labor for Higher Education, the Debt Collective,” the United Automobile, Aerospace and Agricultural Implement Workers of America (UAW),” said. Continue reading →

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Michigan Governor Whitmer Offers Sensible Tariff Fixes

Posted on 9 April 2025 by Ken Zino

Michigan Governor Gretchen Whitmer today delivered her “Build, America, Build” speech in Washington D.C. Simply put, it was a plan to show both parties and federal officials how to build America’s manufacturing might, increase jobs, invest in people and protect our national defense. It was based on Whitmer’s proven approach – work with friends and compete against adversaries.

“Before we dig in to my proposals today, I need to acknowledge what’s going on with tariffs. I’m not going to sugarcoat it… these last few days have been tough for Michigan. 20% of our economy is tied to the auto industry, which depends on a steady flow of goods from our largest and closest trading partners. We’re home to THE busiest international border crossing in North America. More than 10,000 vehicles carrying parts and materials cross the bridge between Detroit and Windsor every weekday. Continue reading →

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Trumped? Hyundai Says It Will Maintain Current MSRPs

Posted on 4 April 2025 by Ken Zino

Hyundai Motor America today launched a Customer Assurance program “in response to dynamic market conditions and the potential impact of tariffs on the automotive industry.” This proposal may help customers who purchase or lease any new Hyundai vehicle between today and 2 June 2025. They might not see any increase in the Manufacturer’s Suggested Retail Price (MSRP) during the protection period. Genesis is also part of the proposal. However, dealers are able to set actual price of a vehicle under various State franchise laws and regulations. [See footnote 1] This appears to be a negotiating strategy with the lame-duck U.S. president, aka April Fool, who has just presented Wall Street with its worst week since the last Trump Administration. Continue reading →

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Two-Faced UAW Endorsement of Trump’s Tariff Wars

Posted on 27 March 2025 by Ken Zino

Late yesterday the UAW issued a complicated and nuanced endorsement of king Donald Trump’s imposition of tariffs on the auto industry. The 25% tariff covers cars and car parts or components imported into the United States. They are planned to take effect on 3 April, Trump decreed yesterday. Simply put roughly half of all vehicles sold in the United States are imported. Furthermore, ~60% of the parts used to assemble vehicles in the country are imported. Continue reading →

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April Fool’s Day – Trump Tariffs Hurting Economy

Posted on 26 March 2025 by Ken Zino

The U.S. economy is at a turning point with the erratic actions of what AutoInformed* observes is the Trump mis-administration threatening the economic health of the nation. We are looking at a global trade war leading to a recession or if past Republican economic policies are any indication – a depression. The latest Cox Automotive Industry Forecast** conducted this morning reinforces that view. Brother can you spare a dime?

“We are at an interesting crossroads here in late Q one 2025,” said Jonathan Smoke, Chief Economist at Cox. “at the end of last year my wish for you all was that the economy and the auto market would perform to the upside. Today we will be talking about sides, but  downward forecasts and darker downsides. The economy and auto market have been relatively strong over the last 6 months. The problem which we will be getting into is that a substantial change in trade through massive increases in tariffs will be highly disruptive to North American vehicle production and could lead to a full scale global trade war and a much weaker the economy. We’re not there yet but we’re a week away from moves that make the dark side more likely,” Smoke said. Continue reading →

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Tesla Cybertrucks Recalled For Bad Adhesives

Posted on 21 March 2025 by Ken Zino

Tesla is recalling more than 46,000 2024 and 2025 model-year Cybertrucks, according to documents made public by the National Highway Traffic Safety Administration. The ironically named “cant rail,” a stainless-steel exterior trim panel, can de-laminate and detach from the vehicle creating a road hazard for other vehicles. (Cant railings are not Elon Musk’s and other DOGE defenses flying about although they create truth hazards that could harm the U.S. model year 1788 vehicle known as the Constitution – AutoCrat) Continue reading →

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CARB Using Methane Leak Satellite Data

Posted on 21 March 2025 by Ken Zino

The California Air Resources Board (CARB) today announced that the state is moving forward with an innovative effort to reduce planet-warming methane emissions using satellite technology. The project is made possible by a $100 million state budget investment to purchase methane plume data collected by satellites. Methane is a climate pollutant that warms the atmosphere at least 25 times more than carbon dioxide.

“Decades of progress to protect public health is on the line with these EPA rollbacks. California isn’t having it. Thanks to our state investment, we’re using satellite technology to detect methane leaks as they happen. With this new data, we’ll be able to move faster to cut harmful methane pollution – protecting Californians and the clean air we’ve fought so hard for,” said Governor Gavin Newsom. Continue reading →

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CFC Reduction Induces Ozone Layer Fixing

Posted on 19 March 2025 by Ken Zino

A new MIT-led study confirms that the Antarctic ozone layer is healing as a direct result of global efforts to reduce ozone-depleting substances such as chlorofluorocarbons or CFCs. This is significant because scientists have observed signs of ozone recovery in the past. However, the new study is the first to show, with high statistical confidence, that this recovery is due primarily to the reduction of ozone-depleting substances, instead of other influences such as natural weather variability or increased greenhouse gas emissions to the stratosphere.

“There’s been a lot of qualitative evidence showing that the Antarctic ozone hole is getting better. This is really the first study that has quantified confidence in the recovery of the ozone hole,” says study author Susan Solomon, the Lee and Geraldine Martin Professor of Environmental Studies and Chemistry. “The conclusion is, with 95% confidence, it is recovering. Which is awesome. And it shows we can actually solve environmental problems.” Continue reading →

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January U.S. International Trade Deficit Sets Record

Posted on 6 March 2025 by Ken Zino

This was the highest on record, and is the beginning of a rerun of the previous Trump Administration’s economic mishaps. January exports were $269.8 billion, $3.3 billion more than December exports. January imports were $401.2 billion, $36.6 billion more than December imports.

The January increase in the goods and services deficit reflected an increase in the goods deficit of $33.5 billion to $156.8 billion and an increase in the services surplus of $0.2 billion to $25.4 billion. Continue reading →

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