Germany is the largest European exporter of cars to the United States.
The Trump administration could enact new auto tariffs, and GM Korea would be hit hard.
Tests were supposed to begin in early 2018.
The U.S. has reduced its demand for North American content to avoid tariffs and the amount of U.S. parts.
Representing a significant shift in governmental policy for the world’s largest auto market.
Senator Sherrod Brown demanded answers over why GM hasn’t invested in the Lordstown facility.
GM argued it would increase fuel efficiency by 3 percent.
The EPA, under the Trump administration, announced current emission targets are too stringent.
General Motors, notably, imports the Buick Envision crossover and Cadillac CT6 plug-in from China to the U.S.
Liddell was considered for the chief economic advisor role previously.
Chris Liddell was among the frontrunners, but Kudlow ultimately made the cut.
He said GM Korea can be a sustainable business, but every party has to partake in “shared sacrifice.”
Ex-GM CFO Chris Liddell, already high-up within the Trump administration, could become Trump’s top advisor on economic matters.
GM will likely surpass the 200,000 limit this year.
The tariffs were signed on Thursday and will go into effect in 15 days.
GM and Ford could see profits dip $1 billion due to higher steel and aluminum prices.
Mark Reuss further brushed off the effects that the tariffs may have on vehicle costs.
The Trump administration hasn’t made the appointment official, but official sources in both countries have confirmed his nomination.
General Motors issued a statement saying it purchased most of its steel from U.S. companies.
The U.S. returned from Mexico after the latest round of discussions surrounding the free-trade agreement.
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