The Trump Tax Cuts Act Crushes the March 2018 Quarter Earnings of the 26 Largest US Motor Vehicle and Parts Manufacturing Corps With Their March 2018 Quarter Total Pretax Income Down 28% and Their Total After-Tax Net Income Down 24% From Their March 2017 Quarter ........................................................................................

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 Manufacturing Corps with recent stock market caps above $1 Bil.

									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 and	Income	Expense	Income		Income	Expense	Income		Rate	Rate		March Qtr	March Qtr
Parts Manufacturing Corps	March Qtr	March Qtr	March Qtr		March Qtr	March Qtr	March Qtr		March Qtr	March Qtr		2018	2018
Market Caps Above $1 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%
Allison Transmission	191	40	151		127	44	83		20.9%	34.6%		50%	82%
Dana Inc	159	48	111		110	30	80		30.2%	27.3%		45%	39%
Oshkosh Corp	147	36	111		68	24	44		24.5%	35.3%		116%	152%
WABCO Holdings	133	26	107		100	15	85		19.5%	15.0%		33%	26%
Gentex	132	21	111		135	37	98		15.9%	27.4%		-2%	13%
Delphi Technologies plc	127	22	105		142	31	111		17.3%	21.8%		-11%	-5%
American Axle	107	18	89		86	8	78		16.8%	9.3%		24%	14%
Tenneco	97	25	72		106	33	73		25.8%	31.1%		-8%	-1%
Visteon	88	21	67		75	16	59		23.9%	21.3%		17%	14%
Meritor	82	22	60		36	13	23		26.8%	36.1%		128%	161%
Cooper-Standard Holdings	69	12	57		54	12	42		17.4%	22.2%		28%	36%
LCI Industries	59	11	47		59	16	43		19.4%	26.4%		0%	9%
Worthington Industries	54	(24)	78		50	11	39		-44.4%	22.0%		8%	100%
Dorman Products	40	9	31		45	16	29		22.5%	35.6%		-11%	7%
Federal Signal	17	4	13		11	4	7		23.5%	36.4%		55%	86%
Gentherm	16	3	13		33	7	26		18.8%	21.2%		-52%	-50%
Standard Motor Products	12	3	9		26	10	16		25.0%	38.5%		-54%	-44%
Adient plc	(171)	(28)	(143)		251	37	214		16.4%	14.7%		-168%	-167%
Tesla	(779)	6	(785)		(372)	25	(397)		NM	NM		-109%	-98%
Total all 26	6,100	1,379	4,720		8,450	2,212	6,238		22.6%	26.2%		-28%	-24%