
HOURS AFTER PRESIDENT TRUMP ANNOUNCED HIS WIDESCALE TARIFF PLAN, GENERAL MOTORS ANNOUNCED IT IS PLANNING TO BOOST PRODUCTION OF LIGHT-DUTY TRUCKS IN THE UNITED STATES.
FOX BUSINESS REPORTS THAT GM IS ADDING SEVERAL HUNDRED TEMPORARY WORKERS TO MAXIMIZE PRODUCTION OF LIGHT-DUTY TRUCKS AT ITS FORT WAYNE, INDIANA ASSEMBLY PLANT. THE AUTO GIANT CITING SUPPORT FOR CURRENT MANUFACTURING AND BUSINESS NEEDS.
THE FORT WAYNE PLANT IS A KEY LOCATION FOR GENERAL MOTORS. WORKERS THERE MAKE THE CHEVY SILVERADO AND GMC SIERRA TRUCKS.
IN 2023, GM UNVEILED A $632 MILLION INVESTMENT IN THE PRODUCTION OF THE NEXT GENERATION INTERNAL COMBUSTION ENGINE FULL-SIZE LIGHT-DUTY TRUCKS AT THE FACILITY..
EARLIER THIS MONTH, GM ANNOUNCED THAT ITS U.S. SALES INCREASED 17 % IN THE FIRST QUARTER, WITH DOUBLE DIGIT GAINS ACROSS ALL FOUR OF THE COMPANY BRANDS : CHEVY, CADILLAC, GMC AND BUICK. A COMPANY PRESS RELEASE SAYS IT CONTINUES TO BE THE MARKET LEADER IN FULL-SIZE PICKUPS.
PRESIDENT TRUMP HAS IMPOSED 25% TARIFFS ON FOREIGN-MADE AUTOMOBILES AS PART OF HIS MADE-IN-AMERICA AGENDA.
HE BELIEVES IT WILL LEAD TO INVESTMENT IN AUTO FACTORIES AND BOOST PRODUCTION, AS WELL AS SALES OF AMERICAN-MADE VEHICLES AND LEAD TO THE RELOCATION OF MANUFACTURING PLANTS FROM COUNTRIES SUCH AS MEXICO AND CANADA.
REUTERS IS REPORTING IT VIEWED A WEBCAST SENT BY MANAGEMENT TO GM EMPLOYEES AT THE FORT WAYNE PLANT ON THURSDAY, TELLING THEM OF THE INCREASED PRODUCTION OF LIGHT-TRUCKS. IT IS ALSO REPORTING THAT 225 TO 250 jobs WILL BE ADDED, IN ADDITION TO THE TEMPORARY WORKERS HIRED.
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