Ukraine received financial assistance from the EU to combat the pandemic.

American automaker General Motors plans to increase production of light-duty trucks in the U.S. as the industry faces issues related to the latest round of tariffs on cars imposed by President Donald Trump.

This major automaker is adding several hundred temporary workers to maximize the production of light-duty trucks at its plant in Fort Wayne, Indiana, the company reported to FOX Business.

'We continually update and revise the production schedule as part of our standard evaluation and alignment process to manage vehicle volumes in inventory,' General Motors stated, adding that its operational adjustments in Fort Wayne will help 'meet current production and business needs.'

Trump, who believes that tariffs are a way to attract tax revenue for proposed positive changes in the tax system and stimulate the revival of domestic manufacturing, stated that tariffs would apply to sedans, SUVs, crossovers, vans, commercial trucks, and light-duty trucks.

This will also affect key automotive parts such as engines, transmissions, transmission shafts, and electronic components, although, according to the administration, there are 'processes to expand tariffs on additional parts if necessary.'

Currently, the company produces light-duty trucks at its Fort Wayne plant in Roanoke, Indiana, as well as at its facility in Silao, Mexico. Heavy-duty trucks are produced in Flint, Michigan, and Oshawa, Canada.

All other plants in the U.S., Mexico, and Canada are operating according to the planned production schedule.

GM is investing in its Fort Wayne plant. In 2023, it announced an investment of $632 million for the production of next-generation internal combustion powertrains for large light-duty trucks.

The company noted that these investments help strengthen its leading position in the full-size truck segment.

This news became known recently after Hyundai announced plans to invest $20 billion to locate production on U.S. territory.

Part of the investments, approximately $5.8 billion, will be directed towards the construction of a next-generation steel mill that will supply its two plants in the U.S. and provide jobs for over 1,400 people. The remaining funds are aimed at expanding production in the U.S.