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On this Thursday, we explore GM's increased profitability from simplifying gasoline models, Toyota's cautionary stance on an all-EV future with its job risks, and how fast-food jobs have shaped the careers of today's successful professionals.

• Amid the focus on EVs, GM has found profitability by simplifying its gasoline models, improving margins even on entry-level vehicles.
  • Chevrolet Trax and Buick Envista now yield mid- to high-single-digit margins with the 2024 Trax saw a 20% increase in profitability over the previous model.
  • Fewer configurations and cost reductions drive these gains.
  • GM projects a 4% earnings boost for the Chevy Equinox and GMC Terrain.
  • "We're now profitable in the entry-level segments," said GM President Mark Reuss.

• Toyota Chairman Akio Toyoda cautions against a full transition to electric vehicles, stating it could lead to job losses for those working on engine-related technologies.
  • 5.5 million people work in Japan's automotive industry.
  • Chairman Akio Toyoda highlights risks for long-time engine-related workers.
  • Toyota champions a "multi-pathway" to zero emissions, including hybrids and hydrogen.
  • The Toyota Chairman shares that EVs may only account for 30% of the global market.
  • "If EVs become the only choice... those people's jobs would be lost," Akio Toyoda emphasized.

• Many successful professionals credit their early fast-food jobs for shaping their work ethic and customer service skills, leaving a lasting impact on their careers.
  • Many professionals feel their early jobs left a mark, shaping their leadership skills.
  • The hustle and humility from these roles often translate to long-term career success.
  • Michael Erickson, Director at a PR firm in Georgia, recalls his time at McDonald’s as formative to his success.
  • Erickson shares that hard work and customer-service skills left an important mark on his professional journey.

Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.

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