GM, Mexico
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Shares of General Motors rose before the opening bell after announcing plans to invest $4 billion to shift some production from Mexico to U.S. manufacturing plants as the automaker navigates tariffs that could drive prices higher.
The new investment will not reduce any production in North America and does not include previously announced U.S. investment as part of UAW contracts.
General Motors manufactures vehicles under several brand names, include Chevrolet, GMC and Buick. General Motors is moving some of its production from Mexico to the U.S. in the months after President Donald Trump’s tariff on vehicles manufactured abroad.
GM currently has no plans for closures or layoffs at its Mexican manufacturing facilities for the foreseeable future, despite plans to relocate some models.
General Motors is making a big investment in its US production footprint — and President Trump’s tariffs could be a reason why.
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General Motors (GM) quietly backed away from its high-profile pledge to phase out gasoline-powered vehicles over the next decade, effectively
The automaker is putting more money into gas-powered cars, making it all but impossible to reach its goal of selling only electric vehicles by 2035.
GM recently announced plans to invest $4 billion in U.S. manufacturing, including building affordable next-generation EVs at the Fairfax plant in Kansas.
GM announced $4 billion in capital projects for its domestic manufacturing footprint. Some models are moving back to America.