The president of General Motors (GM), Mary Barra, highlighted that her company shares interests with the government of Donald Trump, noting that the policies of the new President of the United States aim to strengthen the national industry rather than harm it. During a conference call with analysts to present GM's results for 2024, Barra mentioned that there are uncertainties regarding the trade and regulatory policies of the Trump Administration, but they are maintaining conversations with his team.
Barra expressed that GM has advocated for a strong manufacturing sector and American leadership in advanced technologies in its dialogues with Congress and the Administration. She also pointed out that the company has common ground with the government and appreciates the existing dialogue. GM is also taking international markets into account in the sale of its trucks and is committed to being agile and efficient in its actions.
Regarding the tariffs proposed by Trump on imports from Mexico and Canada, countries where GM produces components and assembles vehicles, Barra stated that the company is prepared to mitigate the short-term impact. She assured that they are working together with the supply and assembly network to minimize this impact and that she trusts in avoiding the tariffs. Barra expressed hope that the President of Mexico, Claudia Sheinbaum, will take measures to prevent the tariffs.
Additionally, GM raised the possibility of relocating part of its vehicle production from Mexico and Canada to the United States in case tariffs are imposed on neighboring countries. Barra stated that the company has production capacity in the United States to take on the manufacturing of trucks currently produced in Mexico and Canada, assuring that many of these actions would have low cost or be free.
