GM Dodges Tariffs With US Production Shift

<p>Watch Joe and Kailey LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.<br /><br />General Motors Co. plans to invest $4 billion in its US plants over the next two years in response to President Donald Trump&rsquo;s tariffs in a move that reduces production in Mexico while boosting domestic output of some of its some of its top-selling gas-powered vehicles.<br /><br />The spending will expand factories in Michigan, Kansas and Tennessee. The moves will boost annual US production capacity by 300,000 vehicles, GM Chief Financial Officer Paul Jacobson said at a Deutsche Bank conference on Wednesday<br /><br />Assembly of several top-selling models, including its very profitable Chevrolet Silverado and GMC Sierra pickup trucks and the Chevrolet Equinox SUV, will move to factories in the US from Mexico. GM plans to add between 3,000 and 4,000 US jobs when all production is in place, a spokesman said.<br /><br />Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:</p> <ul> <li>Bloomberg's Matt Miller and General Motors CFO Paul Jacobsen.</li> <li>House Republican Conference Chairwoman Congresswoman Lisa McClain of Michigan.</li> <li>Bloomberg Economics Chief US Economist Anna Wong.</li> </ul><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>