GM Leads First Quarter US Auto Sales (Connecting the Dots: General Motors, Canada, Mexico, Obamacare, The Boeing Company, The Commercial Club of Chicago, Sidley Austin LLP & Soros Funding, All Networking)
Newsmax.com
Tuesday,
01 April 2025 04:19 PM EDT
https://www.newsmax.com/finance/streettalk/gm-u-s-auto/2025/04/01/id/1205241/
General Motors led US
vehicle sales in the first quarter, according to company reports Tuesday, as
the industry braces for President Donald Trump's incoming tariffs this week.
GM said
its US sales jumped 17 percent in the quarter from the same period a year ago,
reporting 693,363 deliveries.
Fellow
major automakers Toyota, Honda, Hyundai and Kia also reported sales increases,
while Ford logged a small decline.
Tariffs
of 25 percent on imported vehicles and certain parts are set to kick in
Thursday, and economists warn that the charges could cause average auto prices
to surge by thousands of dollars over time.
Trump
is also due to announce "reciprocal" levies midweek -- which could
hit imports from various countries -- on a slew of other goods to address trade
practices that his administration deems unfair.
The
tariffs could further affect US neighbors Canada and Mexico, both key players in North
American vehicle manufacturing supply chains.
"GM's
sales growth outpaced every other major automaker, and the driving force is our
portfolio," said Rory Harvey, GM's president of global markets.
The
company pointed to sales growth in its Chevrolet and Cadillac brands, with
increases seen among electric vehicle models as well.
Meanwhile,
Toyota Motor North America reported 0.9 percent growth in vehicle sales to
570,269 units for the quarter.
Its
executive vice president Mark Templin said the company continued to "see
steady sales from our Toyota and Lexus brands due in part to improved inventory
levels and new models."
"We're
also seeing our sales mix of electrified vehicles increasing," Templin
said in a statement.
Honda's
sales were up 5.3 percent from a year ago in the first quarter, those of
Hyundai were up 10 percent, and Kia sales rose around 11 percent.
But US
auto giant Ford reported a 1.3-percent drop in US sales -- to 501,291 vehicles
-- from the same period in 2024.
The
decline was mainly due to the discontinuation of certain models and the timing
of rental fleet sales, the company said.
But its
first quarter figures were better than a forecast by automotive research firm
Edmunds.
Ford
maintained in a statement that it saw "strong retail sales in March,"
thanks to sales of its best-selling F-Series pickup trucks and the Ranger and
Maverick models.
Upcoming
tariffs cast a pall over the auto industry, however, given that car parts will
be targeted along with imported cars.
JPMorgan
analysts recently estimated that over 80 percent of Ford's US sales are
produced domestically. The corresponding figure for Honda was around 68
percent, Toyota about 57 percent and GM, 53 percent.
But
many of the components going into building those cars are imported.
The
American Automotive Policy Council representing the big three automakers --
Ford, GM and Jeep-maker Stellantis -- have warned that tariffs should be
implemented in a way that avoids increasing costs for consumers and preserves
the industry's competitiveness.
Connecting
the Dots:
Sidley Austin LLP was the lobby firm for General Motors
and Canada.
Michelle Obama was
a lawyer at Sidley Austin LLP and is a director at the Chicago
Council on Global Affairs.
Bruce A. Heyman
was a director at the Chicago Council on Global Affairs and is the
U.S. ambassador for Canada.
Barack Obama was
an intern at Sidley Austin LLP.
R. Eden Martin is
counsel at Sidley Austin LLP and the president of the Commercial
Club of Chicago.
Newton N. Minow is
a senior counsel at Sidley Austin LLP and a member of
the Commercial Club of Chicago.
David D. Hiller was
a partner at Sidley Austin LLP and is a member of the Commercial
Club of Chicago.
Thomas A. Cole is
a partner at Sidley Austin LLP and a member of the Commercial
Club of Chicago.
Charles W. Douglas is
a partner at Sidley Austin LLP and a member of the Commercial
Club of Chicago.
John H. Bryan is
a member of the Commercial Club of Chicago and was a director
at General Motors.
Robert S. Osborne is
a member of the Commercial Club of Chicago and was a group VP
for General Motors.
Patricia F. Russo is
a director at General Motors and a trustee at the Committee
for Economic Development.
Foundation to Promote Open Society was a funder for the Committee
for Economic Development.
George Soros was the chairman for the Foundation to Promote
Open Society.
Kenneth M.
Duberstein was the VP for the Committee for Economic
Development and is a director at the Boeing Company.
Donna S. Morea was
a trustee at the Committee for Economic Development and the
EVP for the CGI Group Inc.
David L. Johnston was
a director at the CGI Group Inc. and is the governor general
for Canada.
Barbara G. Fast was
a VP for the CGI Group Inc. and a VP at the Boeing Company.
CGI Group Inc. was
the Obamacare contractor that developed Healthcare.gov
web site.
Obamacare is Barack
Obama’s signature policy initiative.
Barack Obama’s
signature policy initiative is Obamacare and was an intern
at Sidley Austin LLP.
Sidley Austin
LLP was the lobby firm for General Motors and Canada.
Cameron F. Kerry is
a senior counsel at Sidley Austin LLP, John F. Kerry’s brother
and a fellow at the Brookings Institution (think tank).
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to Promote
Open Society and is a board member for the International Crisis
Group.
Carlos Pascual was
a VP for the Brookings Institution (think tank) and a U.S.
ambassador for Mexico.
Ernesto Zedillo was
the president of Mexico and a board member for the International
Crisis Group.
Kenneth M.
Duberstein is a trustee at the Brookings Institution (think tank)
and a director at the Boeing Company.
Cyrus F.
Freidheim Jr. is an honorary trustee at the Brookings
Institution (think tank) and a member of the Commercial Club of
Chicago.
William M. Daley was
a director at the Boeing Company and is a member of the Commercial
Club of Chicago.
James A. Bell is
a member of the Commercial Club of Chicago and was an EVP & CFO
for the Boeing Company.
Edward M. Liddy is
a member of the Commercial Club of Chicago and a director at
the Boeing Company.
Jeffrey L. Turner was
a VP for the Boeing Company and is the president & CEO for
the Spirit Aerosystems Holdings Inc.
Nigel Wright was
an adviser for the Spirit Aerosystems Holdings Inc. and Stephen
J. Harper’s adviser.
Stephen J. Harper’s
adviser is Nigel Wright and the prime minister for Canada.
Sidley Austin
LLP was the lobby firm for Canada and General Motors.
Michelle Obama was
a lawyer at Sidley Austin LLP and is a director at the Chicago
Council on Global Affairs.
Bruce A. Heyman
was a director at the Chicago Council on Global Affairs and is the
U.S. ambassador for Canada.
Barack Obama was
an intern at Sidley Austin LLP.
Sidley Austin
LLP was the lobby firm for Canada and General Motors.
Resources:
Past Research
General
Motors Funds Effort to Embed Pro-Transgender Books in Classrooms (Connecting
the Dots: General Motors (GM), Sidley Austin LLP, Obama & Soros Funding,
All Networking) (Past Research on General Motors)
Monday,
January 2, 2023
https://thesteadydrip.blogspot.com/2023/01/general-motors-funds-effort-to-embed.html
Netflix
to Invest $1 Billion in Mexico Over Next 4 Years (Connecting the Dots: Netflix,
Ted Sarandos, Mexico & Soros Funding, All Networking) (Past Research on Mexico)
Thursday,
February 20, 2025
https://thesteadydrip.blogspot.com/2025/02/netflix-to-invest-1-billion-in-mexico.html
Canada's
Stephen Harper 1st Western Leader to Meet New Ukrainian President After
Inauguration (Past Research on Canada)
Sunday,
June 8, 2014
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