Trump’s ‘More Than Your Parents’ Line Was The Least Interesting Thing Said At GM This Week

Photo: President Donald J. Trump is greeted by GM Chair and CEO Mary Barra at General Motors Proving Grounds. Also in image from L to R: GM Chief Product Officer Sterling Anderson. Product Development Executive, Senior Vice President Ken Morris. U.S. Secretary of Transportation Sean Duffy. GM President Mark Reuss. Photo courtesy of GM. CC BY-NC 4.0 (photo was cropped to fit). Article by Shawn Henry. The Auto Wire – July 28, 2026.

President Trump stood at GM’s Milford Proving Ground on July 27 and told a crowd of autoworkers, “I’ve done more for you than your parents, OK?” It’s a memorable line. It is also the least important thing that happened in the auto industry that week. The real story was sitting in General Motors’ own numbers, filed with regulators and read by almost nobody outside Wall Street: GM raised its full-year profit guidance to $14 billion to $16 billion while still absorbing $2.5 billion to $3.5 billion in gross tariff costs for 2026. Those aren’t complementary numbers. They describe a company thriving in spite of tariffs, not because of them. […]

Click here to view original web page at www.theautowire.com