Nearly every major automaker operating in the U.S. has factories in Mexico, however GM and Stellantis produce highly profitable full-size pickup trucks there.
"Given the magnitude of auto industry fallout from additional tariffs, “we’d expect most investors to assume Trump ultimately does not follow through with these threats,” Wolfe analysts led by Emmanuel Rosner said in their note. “However, we can’t say for sure.”" - source, MSN, Story by David Welch, Gabrielle Coppola and Keith Laing, Nov. 26, 2024.