General Motors is adding several hundred temporary workers to its Fort Wayne, Indiana, plant as it seeks to boost production of its light-duty trucks in the U.S.
General Motors is moving to increase production of light-duty trucks out of its Fort Wayne, Indiana, assembly plant, according to a webcast sent to plant employees and obtained by Reuters.
Canada will impose a 25% tariff on all vehicles imported from the United States that are not compliant with the U.S.-Mexico-Canada trade deal, Prime Minister Mark Carney told a press conference on Thursday.
By now, most investors are likely aware of all the chatter surrounding the Trump administration's economic policies, including its tariff plans. It's a huge deal, and it could significantly impact automakers and their investors.
The three US automakers in this analysis all look to open up lower for the session, as the premarket trading isn't looking great after the tariff announcements on Wednesday.
U.S. President Donald Trump's 25% tariff on auto imports may cost American consumers more than $30 billion in higher vehicle prices and reduced car sales in the first full year, consultancy firm Anderson Economic Group said in a report on Thursday.
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