GM Dodges Tariffs With Production Shift to US From Mexico (4)

General Motors Co. plans to invest $4 billion in its US plants over the next two years in response to President Donald Trump’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.

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

Assembly of several top-selling models, including its very profitable Chevrolet Silverado and GMC Sierra pickup trucks and the ...