8 Largest US Motor Vehicle and Parts Corps March 2018 Quarter Total Pretax Income Down 32% and Total Net Income Down 29% From the March 2017 Quarter ........................................................................................ The Trump Tax Cuts Act is Fantastic For the Japanese Corps But a Complete Disaster For the US Auto Companies and Their Auto Workers

From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations, the US GAAP Net Income (Loss) From Continuing Operations and the related US GAAP Income Tax Expense for the March 2018 and 2017 Quarters for all US Motor Vehicle and Parts Corps with stock market caps above $10 Bil on April 30, 2018.

									US GAAP	US GAAP	US GAAP	US GAAP
		US GAAP				US GAAP			Effective	Effective	Pretax	Net
	US GAAP	Income	US GAAP		US GAAP	Income	US GAAP		Income	Income	Income	Income
	Pretax	Tax	Net		Pretax	Tax	Net		Tax	Tax	% Change	% Change
US Motor Vehicle	Income	Expense	Income		Income	Expense	Income		Rate	Rate	March Qtr	March Qtr
& Parts Corps	March Qtr	March Qtr	March Qtr		March Qtr	March Qtr	March Qtr		March Qtr	March Qtr	2018	2018
Market Caps Above $10 Bil	2018	2018	2018		2017	2017	2017		2018	2017	vs 2017	vs 2017
	mils $	mils $	mils $		mils $	mils $	mils $
Ford Motor	1,919	174	1,745		2,251	652	1,599		9.1%	29.0%	-15%	9%
General Motors	1,576	466	1,110		3,473	787	2,686		29.6%	22.7%	-55%	-59%
Paccar	669	157	512		448	138	310		23.5%	30.8%	49%	65%
Lear Corp	452	78	374		408	89	319		17.3%	21.8%	11%	17%
Aptiv plc	375	59	316		248	19	229		15.7%	7.7%	51%	38%
BorgWarner	332	95	237		286	86	200		28.6%	30.1%	16%	19%
Autoliv	197	75	122		194	52	142		38.1%	26.8%	2%	-14%
Tesla	(779)	6	(785)		(372)	25	(397)		NM	NM	-109%	-98%
Total all 8	4,741	1,110	3,631		6,936	1,848	5,088		23.4%	26.6%	-32%	-29%