The president and CEO of Rick Case Automotive, Rita Case, breakd down how tariffs on the automotive industry will affect Americans in ‘The Claman Countdown’.
General Motors plans to boost the production of light trucks in the United States, since the industry addresses the challenges linked to the president Donald Trump’s Last round of automotive rates.
The main car manufacturer is adding several hundred temporary workers to maximize the production of light service trucks at its Fort Wayne assembly plant, Indiana, the company told Fox Business.
“We continuously update and review the production schedules as part of our standard evaluation and alignment process to manage the vehicle inventory,” said General Motors in a statement, adding that their operational adjustments in Fort Wayne “will support current manufacturing and businesses.”
Stellantis pauses in the production of Mexico, Canada, temporarily dismisses 900 US workers due to rates
A worker installs an engine at the General Motors assembly plant in Fort Wayne, Ind., April 9, 2024. (Emily Elconin/Bloomberg through Getty Images)
Triumph, Who sees rates As a way of generating tax revenues for the proposed tax cuts while stimulating a revitalization of national manufacturing, he said that the sedans, SUV, crossovers, minivans, load vans and light trucks will be affected.
It will also reach key car parts, such as engines, transmissions, motor train pieces and electrical components, although there are “processes to expand tariffs in additional parts if necessary,” according to the administration.
Vehicles in the ornament assembly line are shown at the General Motors assembly plant in Fort Wayne, Ind., April 9, 2024. (Emily Elconin/Bloomberg through Getty Images)
Currently, the company produces light trucks at its Fort Wayne assembly plant in Roanoke, Indiana, and also in its Silao complex in Mexico. It produces heavy duty trucks in Flint, Michigan and his Oshawa assembly in Canada.
All other plants in the United States, Mexico and Canada are in their programmed production.
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Chevrolet Silverado 1500 and GMC Sierra 1500 are shown in the assembly line at the General Motors assembly plant in Fort Wayne, Ind., April 9, 2024. (Emily Elconin/Bloomberg through Getty Images)
GM has been investing in its Fort Wayne facilities. In 2023, he announced an investment of $ 632 million in the production of full -generation full internal combustion motor light trucks.
The company said the investment helps strengthen its full -size full -size truck business in the industry.
| Heart | Security | Last | Change | Change % |
|---|---|---|---|---|
| GM | General Motors CO. | 45.91 | -2.04 | -4.25% |
The news comes shortly after Hyundai announced plans Invest $ 20 billion to bring manufacturing operations to the United States
Part of the investment, around $ 5.8 billion, will be used to build a next -generation steel plant that will supply two of its US plants and use more than 1,400 people. The rest of the money will be assigned to expand manufacturing in the US.
