Friday, April 17, 2020

US BattleGround State Michigan Key Motor Vehicle and Parts' Companies Posted Audited Total Pretax Earnings Growth Which Averaged 20% Per Year in the Obama Administration's Last Three Years in Office (2014-2016) But Then This Positive Trend Reversed Course to an Average Decline of 19% Per Year in the Trump Administration's First Three Years in Office (2017-2019) and This Was Before the Devastating Earnings Impact From the COVID-19 Pandemic.

From a review of SEC filings, Google Finance and MSN Money, there were 11 Michigan Motor Vehicle and Parts' Companies with stock market caps recently of above $1 bil and which reported annual financial statement earnings information to the SEC for each of the most recent seven years (Fiscal Years from 2013 to 2019).

The table below shows the Audited Pretax Income From Continuing Operations for each of these seven fiscal years for each of these 11 largest Michigan Motor Vehicle and Parts' Companies.


Most
Recent Audited Audited Audited Audited Audited Audited Audited
Annual Pretax Pretax Pretax Pretax Pretax Pretax Pretax
Audited Income Income Income Income Income Income Income
Financial (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
Michigan Motor Vehicle and Parts Cos City State Sts FYE FYE FYE FYE FYE FYE FYE
Stock Market Caps Above $1 Bil HQs HQs FYE 2019 2018 2017 2016 2015 2014 2013
 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils
General Motors Detroit MI Dec 19       7,436       8,549     11,863     12,008       8,371       4,246       7,458
BorgWarner Auburn Hills MI Dec 19       1,265       1,196       1,063          943          875          980          869
Aptiv plc Troy MI Dec 19       1,126       1,334       1,255       1,000          997       1,615       1,466
Lear Corp Southfield MI Dec 19          954       1,538       1,527       1,338       1,032          787          610
Gentex Zeeland MI Dec 19          500          522          532          511          464          415          328
Meritor Troy MI Sept 19          377          278          381          155            67          315            51
WABCO Holdings Auburn Hills MI Dec 19          313          464          653          369          298          357          641
Visteon Van Buren Township MI Dec 19          106          216          223          161            69          (43)          611
Gentherm Northville MI Dec 19            59            58            69          111          129            94            46
Adient plc Plymouth MI Sept 19              2     (1,121)       1,061          377          944          670          413
Ford Motor Dearborn MI Dec 19        (640)       4,345       8,159       6,796     10,252       1,234     14,371
Total all 11 Motor Vehicle and Parts Cos     11,498     17,379     26,786     23,769     23,498     10,670     26,864
….. % Change From Prior Year -34% -35% 13% 1% 120% -60%
   
Average Annual Total Pretax Income % Change
… Trump's First Three Years (2017-2019) -19%
… Obama's Last Three Years (2014-2016) 20%