GM to invest $4 Billion to Shift Some Production from Mexico to the US
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. President Trump signed executive orders in April, relaxing some of his 25% tariffs on automobiles and auto parts, a significant reversal as the import taxes threatened to hurt domestic manufacturers. GM said late Tuesday that the investment will be made over the next two years and is for its gas and electric vehicles. GM to invest $4 billion to shift some production from Mexico to the US | AP News