Ford, GM, Volvo boost US production amid Trump's auto tariffs

Following the implementation of President Trump's 25% tariff on auto imports, major automakers like Ford, General Motors (GM), and Volvo have announced strategic changes to mitigate the impact. Ford has introduced significant discounts across multiple models to attract customers while competitors raise prices due to the tariffs. GM plans to increase production of light-duty trucks at its Fort Wayne, Indiana plant, hiring several hundred temporary workers to accommodate the shift. Similarly, Volvo aims to boost U.S. production, particularly at its South Carolina plant, as part of a broader regionalization strategy to avoid the tariffs' impact. The tariffs are expected to significantly increase the prices of foreign-made cars, prompting companies to adjust their production and pricing strategies to maintain competitiveness.