Tag Archives: Trump tariffs

Magna International Posts Q1 2025 Results

Posted on 2 May 2025 by Ken Zino

“Our operating results for the first quarter of 2025 exceeded our expectations, with strong incremental margins on better than anticipated vehicle production and, for the balance of the year, we remain confident in our ability to execute on variables within our control in a complex and uncertain industry environment. We are actively advancing several initiatives including operational excellence, restructuring, commercial recoveries, and reduced capital and engineering spending to mitigate the impact of tariffs,” said Swamy Kotagiri, Magna’s Chief Executive Officer. We remain focused on generating long-term free cash flow to invest for profitable growth and drive compelling capital return to shareholders.” Continue reading →

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First Look – 2026 Model Cadillac LYRIQ-V

Posted on 24 January 2025 by Ken Zino

Cadillac is adding a significant model to its high-performance V-Series family with the 2026 Cadillac LYRIQ-V – the first-ever all-electric V-Series performance vehicle. Cadillac- estimates it has 615 horsepower and 650 lb.-ft . (880 Nm) of torque, which deliver a Cadillac-estimated 0-60 time of 3.3 seconds with Velocity Max. This makes it the quickest Cadillac ever starting at $79,990. The timing is unfortunate given Trump’s emerging trade and economic policies that likely will negatively affect Lyric’s prospects in the U.S., Canada and globally. LYRIQ-V will also be sold in the Australia, New Zealand, as well as other markets to be announced. Production starts early 2025 at General Motors’ Spring Hill Manufacturing plant in Tennessee. Continue reading →

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