Gold prices hold sharp gains as soft US jobs data fuels Fed rate cut bets
Investing.com -- General Motors (NYSE:GM) has announced plans to ramp up the production of light-duty trucks at its Fort Wayne, Indiana, assembly plant, Reuters reported. This comes in the wake of President Donald Trump’s imposition of 25% tariffs on auto imports.
The increase in production at the Fort Wayne plant will necessitate the addition of between 225 and 250 jobs. The company plans to hire temporary workers to accommodate these operational adjustments.
The Fort Wayne plant is responsible for the production of the Chevrolet Silverado and GMC Sierra trucks. These models are also produced at GM’s plants in Mexico and Canada. According to a recent report by Barclays (LON:BARC), approximately half of GM’s large pickup truck production is carried out in these two countries.
GM CEO Mary Barra had previously suggested the potential for increasing truck production in the United States during the company’s earnings call in January. This was in response to the newly imposed tariffs. She stated that the company has the capacity to shift some of the production from Mexico and Canada to the United States.
The automakers in the United States operate a complex supply chain that spans across North America, with production facilities located in the United States, Mexico, and Canada.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.