GM announced Tuesday evening it plans to invest $4 billion into three US plants in Michigan, Kansas, and Tennessee. The investment, which largely boosts production of gas-powered vehicles, will come over the next two years.
As part of the investment, GM will move production of its gas-powered Chevrolet Blazer and Chevrolet Equinox from Mexico to the US by 2027.
It’s a relatively small price to pay for GM, which earlier this year said tariffs would cost it $5 billion in 2025. The automaker imported about 900,000 vehicles from Mexico last year, and 46% of its US sales were imports.