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In response to Governor Gretchen Whitmer’s executive directive to gauge the impact of federal tariffs on Michigan’s economy, several State of Michigan departments submitted reports pointing to higher prices and costly delays that would ultimately impact Michiganders. Today, the U.S. Supreme Court [AKA the King Trump Corrupted Court – AutoCrat] hears arguments on the legality of the federal government’s chaotic national tariffs, following the thrashing of “socialism for the rich” Republican candidates in elections yesterday.*
“Michigan families and businesses are all facing rising prices and constant uncertainty because of our chaotic national tariff strategy,” said Governor Whitmer. “Our departments have received information from Michiganders across the state showing that tariffs are raising costs, causing supply chain issues, and creating a lot more uncertainty for people and future job-creating projects. While I cannot change the national tariff rate, I will continue advocating for Michigan every chance I get so we can keep lowering costs for families. Let’s fight to grow our economy by pursuing commonsense trade policies to bring jobs home without making crops, construction, or crucial infrastructure projects more expensive.” Continue reading
BMW Group Posts Q3 €8B in Pre-Tax Earnings
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The BMW Group (BMW.DE) today announced that year-on-year (YoY) it achieved a slight +2.4% increase in deliveries, reaching a total of 1,795,734 vehicles in the YTD September (2024: 1,754,157). In Q3, the automaker delivered 588,140 BMW, MINI and Rolls-Royce vehicles to customers (2024: 540,881. YoY +8.7%).*
“In the third quarter, we once again proved that our business model is robust and resilient”, said Oliver Zipse, Chairman of the Board of Management of BMW AG. “We have all the right factors for continued success: a technology-neutral approach, exciting products, a strong global presence and outstanding innovation capabilities throughout the entire value chain. Thanks to our broad model and drive train portfolio, we were able to increase our global sales – with BMW M and our electrified vehicles as the main growth drivers. At the same time, we remain fully on track to meet Europe’s ambitious CO2 targets for 2025 – without relying on flexibility mechanisms or pooling. This demonstrates that our technology-neutral approach is working and delivering strong results.” Continue reading →