Automakers betting billions on US production amid tariff uncertainty.

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Automakers betting billions on US production amid tariff uncertainty. Hyundai announced a $26 billion investment through 2028, targeting 1.2 million annual US vehicles by boosting domestic production from 800,000 cars. Toyota committed $10 billion over five years but withheld specifics pending clarity on tariffs. The auto industry urgently seeks confirmation on the United States-Mexico-Canada Agreement renewal, warning that every month of uncertainty delays job creation and site selection. Trade deal stability is critical as companies decide where to build new models. Volkswagen and Nissan are similarly evaluating expansion plans. Industry leaders stress that a 25 percent USMCA tariff creates decision-making challenges. Early USMCA extension could unlock over twenty billion dollars in new American investments, according to Hyundai.

Automakers plan billions in US investments but seek clear trade rules

Thursday, April 2, 2026 at 9:00 AM

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