GM formed alliances with 2 rare earth mineral processing companies to domestically source materials for parts GM uses in EVs.

General Motors is making a big investment in its US production footprint — and President Trump’s tariffs could be a reason why.

Shares of General Motors are up before the opening bell after announcing plans to invest $4 billion to shift some production from Mexico to U.S. manufacturing plants as the automaker navigates tariffs that could drive prices higher.

General Motors Co. plans to invest $4 billion in its US plants over the next two years in response to President Donald Trump’s tariffs in a move that reduces production in Mexico while boosting domestic output of some of its some of its top-selling gas-powered vehicles.

The automaker is putting more money into gas-powered cars, making it all but impossible to reach its goal of selling only electric vehicles by 2035.

General Motors is recommitting to gasoline-powered vehicles after announcing a $4 billion investment for its U.S.manufacturing footprint.

General Motors' CFO Paul Jacobson made the remarks June 11 at the Deutsche Bank Global Auto Industry Conference.