Welcome to the Daily 5 report for Thursday, May 22.
As the impact from President Donald Trump's tariffs is starting to sink in, the next priority for the North American auto industry is to seek parity with the U.K. trade framework announced May 8.
The industry on this side of the pond isn't happy, calling on the Trump administration to make a priority out of establishing solid policy on trade with Canada and Mexico.
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As John Irwin reports in this story, there are some material financial liabilities emerging.
An importer of a British vehicle valued at $50,000 would pay $5,000 in tariffs regardless of how much U.S. content is in it, Irwin wrote. For an equivalent vehicle from Canada or Mexico, U.S.-made parts must account for at least 60 percent of the vehicle's value for the tariff cost to be $5,000 or less.
Our story says the discrepancy drew the ire of the American Automotive Policy Council. The trade group representing the Detroit 3 issued a scathing statement after the U.K. deal was announced, saying preferential treatment for the U.K. relative to Canada and Mexico would hurt U.S. companies and workers.
Moving on to the topic of lawyers' bills, this story emerged today from a federal lawsuit filed by Ford Motor Co. against several lawyers and law firms in California. Ford accused the defendants of fraudulently inflating their legal fees under that state's Lemon Law, including one instance in which a lawyer allegedly billed 57.5 hours in one day, Reuters reported. Ford called the billings a "magical mystery tour" of bogus work and time entries, spread across thousands of cases against several automakers so they would go undetected, the story said.
Meanwhile, as our coverage of the 2025 100 Leading Women in the North American Auto Industry wraps up this week, be sure to check out this story about General Motors executives Jamie Brewer and Jaclyn McQuaid.
Brewer, executive chief engineer of battery-electric trucks, and McQuaid, global vice president of Buick-GMC, are among the honorees. They're also identical twins. It's the first time twins have been featured on the list.
That's it for now. Have a great rest of your day. If you want to view this story in your browser, click here.
— Philip Nussel, online editor
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