Automotive Industry Reshoring Headlines
A Running List of Automotive News Related to Reshoring
Honda Is Moving CR-V Production from Canada to the U.S. Due to Tariffs
Honda also confirmed that it plans to stop building the five-door Civic at its factory in Yorii, Japan, and shift production to Indiana sometime this summer.
Honda to produce next Civic in Indiana, not Mexico, due to US tariffs, sources say
Sees Indiana production at around 210,000 Civics/yr, source says
Audi May Aim to Open Up to 3 New U.S. Production Facilities Under Trump Tariffs
Chattanooga, Tennessee could become one of the new homes of Audi production.
GM to increase truck production in Indiana following Trump's tariffs
The Fort Wayne plant makes the Chevrolet Silverado and GMC Sierra trucks, which GM also manufactures at plants in Mexico and Canada. About half of GM's large pickup truck production is done in Mexico and Canada, according to a recent Barclays report.
The Detroit automakers may use excess capacity to shift some existing production, but additional factories would take several years to build.
South Korea’s Hyundai announces $21 billion U.S. investment
A new steel plant in Louisiana, which is part of the investment, is set to hire more than 1,400 employees and will produce next-generation steel that will be used by Hyundai’s two U.S. auto plants to manufacture electric vehicles.
Mercedes moving production of its GLC SUV from Germany to the US
“If you see what we want to achieve with volumes on this model, it makes sense to bring it to the US,” Mercedes North America chief Jason Hoff said during a press briefing on Monday.
BMW considers boosting output at U.S. plant by up to 80,000 units
The premium carmaker had around 30 days' worth of inventory in the United States as well as some stocks and components, and would keep prices stable on most U.S. models until the end of May.
Kia to produce hybrid cars at Hyundai's Georgia factory from next year
Hyundai now plans to add hybrid cars to the factory's production lines at a time when demand for pure electric cars is cooling and President Donald Trump's administration is threatening to end EV subsidies.
Nissan Sentra Production May Move from Mexico to the U.S. to Dodge Tariffs
AN report claims the popular compact sedan could be built at the automaker's factory in Mississippi.
Stellantis Reportedly Confirms Plans for New Midsize Pickup Truck in Internal Memo
The new truck will enter production in Illinois in 2027, according to the United Auto Workers.
Charged Up: Toyota West Virginia Invests $88 Million in New Hybrid Transaxle Line
This brings the total plant investment to more than $2.8 billion and reinforces long-term job security to its more than 2,000 team members.
Article of the Week
From Tema ETFs: “Powering Made in America”
Some Highlights:
“Though difficult to tease out exactly, protectionism does have a long history of helping re-industrialization. This is especially true for new industries where capabilities have either atrophied or did not exist.”
“The biggest growing category in the last 30 years has been imported final goods. Foreign content in domestic output has been stable. This suggests that tariffs and other trade policy are likely to hurt businesses less than consumers.”
Reshoring is a trend that is here to stay. Kearny recently published their latest reshoring index covering 2023 which showed the largest jump in the history of this metric towards the US, after years of no real movement.
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