GM to increase truck production in US
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Fox Business |
General Motors is planning to boost production of light-duty trucks in the U.S. as the industry addresses challenges tied to President Donald Trump's latest round of auto tariffs.
The Financial Times |
The US unveiled a baseline levy of 10 per cent with additional tariffs of up to 50 per cent on multiple trading partners, including the EU, Japan, Vietnam and Cambodia.
Wall Street Journal |
One common but rough financial guideline is that the monthly payment on an auto loan should be no more than 10% of one’s take-home pay.
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General Motors (GM) hopes slow and steady wins the EV race after reporting strong sales growth in its electric vehicle segment. While its eyes are set on the top spot, which is currently occupied by Tesla,
The announcement came the day that President Donald Trump's 25% tariffs on imported vehicles began being collected.
GM reported Tuesday it sold 693,363 vehicles in the first quarter in the U.S., compared with a 1.5% slide one year ago to 594,233 vehicles sold.
The 25% tariffs is forcing automakers to rethink their manufacturing strategy. General Motors is planning to boost the output of its Indiana plant
GM is responding by recent tariffs by increasing production of the Chevy Silverado and GMC Sierra pickups at the GM Fort Wayne assembly plant in Indiana.
Not long after President Trump announced massive 25% tariffs on automotive imports in the United States, General Motors has responded by revealing it will increase production of light-duty trucks at its assembly plant in Fort Wayne, Indiana.
Although Indiana is set to gain hundreds of new jobs, experts warned that the added benefit may come at a cost to consumers, who could end up paying thousands more for vehicles.
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