General Motors announced on Thursday that it will drastically increase the production of the vehicle in Indiana after the rates of President Donald Trump.
The move came one day after Trump had a 25 percent rate on all foreign cars and car parts to help the industry flourish like never before.
The president revealed the rate last month and promised that it would be in force on April 2, which was considered 'Liberation Day'.
And it seemed to beat when the iron was hot and announced that it hundreds of temporary employees for the assembly line on his fort Wayne plant.
The facility makes the Chevrolet Silverado and GMC Sierra Trucks, which also produces the American car manufacturer in factories in Mexico And Canada.
GM said in a statement on Thursday that it hires temporary employees for the assembly factory and says that this will be part of 'operational adjustments' in the factory' to support current production and business needs. “
Although hundreds of more jobs will be available in Indiana, experts warned that it would come for the costs of the consumer who could be forced by thousands of dollars more.
According to the Anderson Economic Group, that is due to car manufacturers, including GM, who import parts from foreign nations.
This is a developing story … More updates to come
General Motors announced on Thursday that it will drastically increase vehicle production in Indiana after President Donald Trump's rates
The move came one day after Trump had a 25 percent rate on all foreign cars in an offer that he says he will bring things back to the US.
However, Trump's rate announcement initially damaged GM, because the car manufacturer has extensive activities in Mexico and Canada.
On March 27, the shares of the car manufacturer fell by more than seven percent, because investors feared that Trump's move would make it vulnerable.
The share fell by 1.76 percent on Thursday just after 3 p.m. et.
The factories of the company in Oshawa, Canada and Silao, Mexico, where the trucks are also made, currently have a regular production, the company source said.
GM said that to make the changes to Fort Wayne, the factory will be removed from 22 to 25 April, after the Easter holidays.
