The Rick Case Automotive Chairman and CEO Rita case breaks out how the tariffs on the auto industry will affect Americans on ‘The Claiman Countdown’.
General Motors is planning to promote the production of light-duty trucks in the US as the industry faces the challenges related to the President. Donald Trump’s The latest round of auto tariffs.
Prominent vehicle manufacturers are adding several hundred temporary workers to maximize the production of light-duty trucks at their Fort Wayne, Indiana, Assembly plant, the company told Fox Business.
General Motors said in a statement, “We constantly update and modify the production program as part of our standard process of managing and align the vehicle list,” General Motors said in a statement, its operational adjustment in Fort Wayne “will support the current manufacturing and commercial needs.”
A worker sets up an engine at the General Motors Assembly plant at Fort Wayne, Industries on 9 April 2024. (Emily Elkinin/Bloomberg via Getty Image)
Trump, Who sees the tariff As a way to bring in tax revenue for the proposed tax deduction during the revival of domestic manufacturing, as said that sedan, SUV, crossover, minivan, cargo vans and light trucks will be affected.
It will also hit major automobile parts such as engine, transmission, powertrain parts and electrical components, although according to administration, “there are processes to expand tariffs on additional parts,” according to administration.
Vehicles on the trim assembly line are shown at the General Motors Assembly plant at Fort Wane, Industries on 9 April 2024. (Emily Elkinin/Bloomberg via Getty Image)
The company currently produces a light-duty truck at its Fort Wayne Assembly plant in Ranoke, Indiana, and also at its Silao Complex in Mexico. It produces heavy duty trucks in Flint, Michigan and its Oshwa assembly in Canada.
All other plants in America, Mexico and Canada are on Their scheduled production.
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Chevrolet Silverrado 1500s and GMC Sierra 1500s on 9 April 2024 Fort Wayne, IND. The General Motors Assembly is shown on the assembly line at the assembly plant. (Emily Elkinin/Bloomberg via Getty Image)
GM is investing in its fort van facility. In 2023, it announced an investment of $ 632 million in the production of the next generation internal combustion engine full-size light-duty trucks.
The company said that investment helps to strengthen its industry-comprehensive truck business.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| GM | General Motors cum. | 45.91 | -2.04 |
-4.25% |
The news comes shortly after Hyundai announced plans To invest $ 20 billion to bring manufacturing operations in America
Part of the investment, about 5.8 billion dollars, will lead to the construction of a next generation steel plant, which will supply its two American plants and employ over 1,400 people. The rest of the money will be kept to expand manufacturing in America
