U.S. Environmental Protection Agency (EPA, aka Environmental Plundering Agency) Administrator Lee Zeldin today signed the final rule eliminating both the 2009 Greenhouse Gas (GHG) Endangerment Finding and all subsequent federal GHG emission standards for all vehicles and engines with model years 2012 to 2027 and beyond. [If upheld by the sure to follow litigation, this is the Death Penalty for Planet Earth. However, the Supreme Court in 2007 ruled that planet-warming greenhouse gases, caused by the burning of fossil fuels, are air pollutants under the Clean Air Act. Since the high court’s decision, in a case known as Massachusetts v. EPA, other courts have rejected legal challenges to the endangerment finding. – AutoCrat]*
“This Administration is taking a whole-of-government approach to make cars more affordable again. Whether it’s resetting mileage standards or abolishing an idiotic start-stop requirement that every driver hates, President Trump’s auto dream team is working overtime to lower costs and revitalize American manufacturing. I want to commend Administrator Zeldin for his leadership and look forward to continuing deliver results for the American people,” said U.S. Department of Transportation Secretary Sean Duffy. Continue reading










Magna Posts 2025 EBIT of $2,364 Million
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Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the fourth quarter and full year 2025, ending 31 December. Magna 2025 sales were $42,010 million down from 42,836M in 2024. Adjusted EBIT came in at 2,364 Million compared to 2024’s $2,329M. Magna earned $2.93 a diluted share (2024 $3.52).
“We closed 2025 with a strong fourth quarter, successfully navigating another dynamic year in our industry. Our disciplined execution and commitment to operational excellence enabled us to deliver financial results that were in line with, or exceeded, our February 2025 Outlook across all key metrics. We expanded full-year adjusted EBIT margin by 20 basis points and generated robust Free Cash Flow of $1.9 billion,” said Swamy Kotagiri, Magna CEO. Continue reading →