Mexican Media Brands
GM: Tariffs Could Lead to a "Smaller GM”
General Motors Co. says hefty import taxes on foreign-made cars will lead to higher prices that could cut domestic production, eliminate jobs, curtail rather than encourage investment and shrink the company.
#economics
Share
General Motors Co. says hefty import taxes on foreign-made cars will lead to higher prices that could cut domestic production, eliminate jobs, curtail rather than encourage investment and shrink the company.
GM submitted its comments to the Dept. of Commerce, which seeks to determine whether imported vehicles threaten national security by undermining the technological abilities of domestic carmakers. President Donald Trump has threatened to use that rationale to impose duties of 20%-25% on imports later this year.
GM says stiff tariffs would reduce its ability to compete in today’s “fast-paced transportation revolution led by cutting-edge technologies.” The company operates 47 factories in the U.S., where it employs 110,000 people but warns that tariffs may lead to a “smaller GM.”
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.