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Tag: industrial policy
GM’s $4 Billion U.S. Manufacturing Investment: Tariffs, Labor Dynamics, and the EV Transition
In a significant maneuver to shield its bottom line from mounting global tariffs, General Motors (GM) has announced a $4 billion investment to enhance its U.S. manufacturing infrastructure. This decision comes in the wake of increasingly protectionist trade policies and a shifting automotive market that is grappling with an uneven transition to electric vehicles (EVs). GM’s strategic pivot emphasizes an increase in domestic production of internal combustion engine (ICE) vehicles, bucking the anticipated full-speed transition to EVs. It reflects the persistent demand for gasoline-powered trucks and SUVs, even as policy pressure mounts for clean energy adoption.