For the Model Y, Tesla has been weighing the pros and cons of its current plants, including space constraints and labor costs due to the Bay Area’s high cost of living.
Trump's tariff on Mexican imports startles industry
Deutsche Bank estimates that if the penalty rises to the full 25 percent, GM would take a $6.3 billion hit before interest and taxes; FCA’s hit would be $4.8 billion; and Ford’s would be $3.3 billion.
GM’s investment commitments ahead of this year’s contract negotiations have been met with mixed reactions amid a strategy to close plants in Ohio, Michigan and Maryland.
Automakers are unleashing capital across North America to get ready for the next product wave, namely light trucks and electrified vehicles. Here are some major investments that are planned or underway.