General Motors said it will spend between $1 billion and $1.5 billion in 2026 to bring more automobile production to the United States as it strives to offset the ongoing impacts of tariffs. Meanwhile, the company will introduce a new line of gasoline-powered Cadillac vehicles beginning in 2027 in a clear shift away from electric vehicles (EVs).
The Detroit-based automobile manufacturer stated during its second-quarter earnings call on July 21 that it will start onshoring significant manufacturing starting next year, bringing domestic production capacity to more than 2 million vehicles and reducing its exposure to tariff charges.
GM said it paid approximately $900 million in tariffs in the second quarter and expects to realize similar charges in the third and fourth quarters. GM maintained its forecast of full-year bottom-line charges of $2.5 billion to $3.5 billion from tariffs….