Mary Barra, a part-time resident of The Villages (FL), announces that GM will backtrack on stupid.
The largest automaker in the United States says it is scaling back its manufacturing footprint abroad, especially in Mexico, and instead investing billions in its America-based facilities in response to President Donald J. Trump’s imposition of tariffs on foreign imports, including automobiles. General Motors (GM) CEO Mary Barra, in a letter to shareholders, said the company is in the process of moving billions of dollars of production back into the U.S., as well as retrofitting some of its American manufacturing facilities to produce more internal combustion engine autos instead of electric vehicles. ...
The 'tax changes' here are the 100% tax deduction for new plant and equipment (CAPEX) introduced in the Big Beautiful Bill.
GM makes its Buick Envision in Red China and the Buick Encore in Korea. Think that might change, too?
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