LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

GM doubles down on Mexico, “no plans” to move EV production to US

Robert Frost by Robert Frost
April 22, 2025
in Industries
GM doubles down on Mexico, “no plans” to move EV production to US
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Chevy Equinox with “Mexico” sepia filter.

Despite the will-they, won’t-they uncertainty surrounding the future of tariffs and union jobs and – let’s face it – just about everything else in every industry these days, GM says it has no plans to move production of its Ultium-based EVs from Mexico to the US.

GM has exclusively produced electric cars at its plant in Ramos Arizpe, Mexico since last year, and has created some 5,000 new jobs in the area according to economist Raquel Buenrostro, who currently serves as Mexico’s Secretary of Anti-Corruption and Good Government. And those cars – including the popular Chevy Equinox EV and Honda’s hot-selling Prologue – have been huge hits in their respective segments.

You might also like

The Dodge Neon deserves a comeback – and Stellantis could do it tomorrow

Does Faraday’s FX Super One show us how Chinese EVs will get into the US?

Review: The tech-forward Meepo Go electric skateboard is a smooth, speedy ride for all [Video]

The General seems to know a good thing when it sees one, so it should come as no surprise to learn that GM has no plans to scuttle its assembly lines out of the country.

“At this time, GM has no plans to halt or relocate production of any of our EV models made in Mexico,” the director of GM de México’s EV operations, Adrián Enciso, told the Spanish-language newspaper, Milenio. “It’s possible that additional models, such as (the new 2026 Chevy Spark) could be built here, too.”

Advertisement – scroll for more content

Market Watch is reporting that the proposed tariffs, if they take effect, could raise GM’s cost to make electric cars in Mexico by up to $4,300 per vehicle. But while that could put a significant per-unit dent in GM’s profits, it’s worth noting that the EVs might continue to be built in Mexico and sold in Canada and other markets – the new Spark, especially, is targeted towards Central and South America, anyway.

And, frankly, GM can afford it.

SOURCE: Mexico News Daily.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

FTC: We use income earning auto affiliate links. More.



Source link

Share30Tweet19
Previous Post

Cardinals to meet for first time since Pope’s death to confirm funeral details

Next Post

Paul Atkins, nominated by Trump, has been sworn in as SEC chair

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

The Dodge Neon deserves a comeback – and Stellantis could do it tomorrow
Industries

The Dodge Neon deserves a comeback – and Stellantis could do it tomorrow

July 20, 2025
Does Faraday’s FX Super One show us how Chinese EVs will get into the US?
Industries

Does Faraday’s FX Super One show us how Chinese EVs will get into the US?

July 19, 2025
Review: The tech-forward Meepo Go electric skateboard is a smooth, speedy ride for all [Video]
Industries

Review: The tech-forward Meepo Go electric skateboard is a smooth, speedy ride for all [Video]

July 19, 2025
2025 Can-Am Origin test ride: a rugged, high-tech return to two-wheel fun
Industries

2025 Can-Am Origin test ride: a rugged, high-tech return to two-wheel fun

July 19, 2025
Next Post
Paul Atkins, nominated by Trump, has been sworn in as SEC chair

Paul Atkins, nominated by Trump, has been sworn in as SEC chair

Related News

You can now get a Rivian R1T delivered in less than two weeks, in some cases

You can now get a Rivian R1T delivered in less than two weeks, in some cases

May 12, 2023
PBSA firm Study Inn refinances trio of sites | Property Week

PBSA firm Study Inn refinances trio of sites | Property Week

March 19, 2025
Diabetes drug similar to Ozempic helped slow progression of Parkinson’s disease in small trial

Diabetes drug similar to Ozempic helped slow progression of Parkinson’s disease in small trial

April 4, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?