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Automakers plan billions in US investments but seek clear trade rules
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Summary
Toyota has announced plans to invest $10 billion in the U.S. over the next five years but only offered details on about $2 billion. "Where we build, what we build, is all in flux so to speak," Toyota Division General Manager David Crist told Reuters on the sidelines of the New York Auto Show. "It's hard to make those decisions with a 25 per cent USMCA tariff. I think we have to get more clarity on that before we finalize every decision within the $10 billion, but that investment is coming." CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Hyundai has announced a $26 billion investment in the U.S. through 2028. Hyundai CEO Jose Munoz said the company aims to get to 80 per cent of vehicles sold in the U.S. produced in America and boost U.S. production from 800,000 cars to 1.2 million. "We want to invest here," Munoz told Reuters at the show. "This is our most important market." Last year, Hyundai told the Trump administration that uncertainty about USMCA was delaying investment decisions. "Early confirmation of USMCA's extension would immediately unlock over $20 billion in new American investments. Nissan's lowest-cost cars for the U.S. market are produced in Mexico but that is a challenge given tariffs, said Christian Meunier, chairman of Nissan Americas. "The problem is, they're not made in the U.S., and it's a very big challenge to build very affordable cars in the U.S. because of the labor rate," he told Reuters.
## Summary
Toyota has announced plans to invest $10 billion in the U.S. over the next five years but only offered details on about $2 billion. "Where we build, what we build, is all in flux so to speak," Toyota Division General Manager David Crist told Reuters on the sidelines of the New York Auto Show. "It's hard to make those decisions with a 25 per cent USMCA tariff. I think we have to get more clarity on that before we finalize every decision within the $10 billion, but that investment is coming." CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Hyundai has announced a $26 billion investment in the U.S. through 2028. Hyundai CEO Jose Munoz said the company aims to get to 80 per cent of vehicles sold in the U.S. produced in America and boost U.S. production from 800,000 cars to 1.2 million. "We want to invest here," Munoz told Reuters at the show. "This is our most important market." Last year, Hyundai told the Trump administration that uncertainty about USMCA was delaying investment decisions. "Early confirmation of USMCA's extension would immediately unlock over $20 billion in new American investments. Nissan's lowest-cost cars for the U.S. market are produced in Mexico but that is a challenge given tariffs, said Christian Meunier, chairman of Nissan Americas. "The problem is, they're not made in the U.S., and it's a very big challenge to build very affordable cars in the U.S. because of the labor rate," he told Reuters.
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Automakers plan billions in US investments but seek clear trade rules
Drone view shows Volkswagen Group cars bound for cargo ship export to the United States at the seaport of Emden near the estuary, where the River Ems flows into the North Sea, in Emden, Germany, April 2, 2025. REUTERS/Erol Dogrudogan
02 Apr 2026 05:03AM
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NEW YORK, April 1 : Global automakers plan billions of dollars in new U.S. investments to boost production and avoid President Donald Trump's tariffs, but they are awaiting clarity on the status of a North American free trade agreement and future vehicle duties.
The auto industry has urged the Trump administration to extend the United States-Mexico-Canada Agreement that faces a review this year. Car companies call the trade deal crucial to American auto production.
Toyota has announced plans to invest $10 billion in the U.S. over the next five years but only offered details on about $2 billion.
"Where we build, what we build, is all in flux so to speak," Toyota Division General Manager David Crist told Reuters on the sidelines of the New York Auto Show. "It's hard to make those decisions with a 25 per cent USMCA tariff. I think we have to get more clarity on that before we finalize every decision within the $10 billion, but that investment is coming."
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Hyundai has announced a $26 billion investment in the U.S. through 2028. The company showed off a concept SUV and said it plans to build a new mid-size truck by 2030 in the U.S.
Hyundai CEO Jose Munoz said the company aims to get to 80 per cent of vehicles sold in the U.S. produced in America and boost U.S. production from 800,000 cars to 1.2 million. "We want to invest here," Munoz told Reuters at the show. "This is our most important market."
Last year, Hyundai told the Trump administration that uncertainty about USMCA was delaying investment decisions.
"Early confirmation of USMCA's extension would immediately unlock over $20 billion in new American investments. Every month of ambiguity slows job creation, site selection and technology development," Hyundai said.
Volkswagen unveiled a new version of its Atlas SUV on Wednesday that is being produced at its Tennessee plant.
"When you look at the investment volumes and also lead times to build up a product portfolio and supply chains, stability is just so important," Kjell Gruner, president and CEO of Volkswagen Group of America, told Reuters.
Nissan's lowest-cost cars for the U.S. market are produced in Mexico but that is a challenge given tariffs, said Christian Meunier, chairman of Nissan Americas. "The problem is, they're not made in the U.S., and it's a very big challenge to build very affordable cars in the U.S. because of the labor rate," he told Reuters.
Nissan is increasing production at its Tennessee plant and bringing a new Rogue hybrid to the plant next year. The tariffs were “a good thing for Nissan, because it forced us to accelerate the localization of our production,” Meunier said.
Source: Reuters
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## Expert Analysis
### Merits
- Hyundai CEO Jose Munoz said the company aims to get to 80 per cent of vehicles sold in the U.S. produced in America and boost U.S. production from 800,000 cars to 1.2 million. "We want to invest here," Munoz told Reuters at the show. "This is our most important market." Last year, Hyundai told the Trump administration that uncertainty about USMCA was delaying investment decisions. "Early confirmation of USMCA's extension would immediately unlock over $20 billion in new American investments.
- Volkswagen unveiled a new version of its Atlas SUV on Wednesday that is being produced at its Tennessee plant. "When you look at the investment volumes and also lead times to build up a product portfolio and supply chains, stability is just so important," Kjell Gruner, president and CEO of Volkswagen Group of America, told Reuters.
### Areas for Consideration
- I think we have to get more clarity on that before we finalize every decision within the $10 billion, but that investment is coming." CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Hyundai has announced a $26 billion investment in the U.S. through 2028.
- Nissan's lowest-cost cars for the U.S. market are produced in Mexico but that is a challenge given tariffs, said Christian Meunier, chairman of Nissan Americas. "The problem is, they're not made in the U.S., and it's a very big challenge to build very affordable cars in the U.S. because of the labor rate," he told Reuters.
### Implications
- Click here to return to FAST Tap here to return to FAST FAST NEW YORK, April 1 : Global automakers plan billions of dollars in new U.S. investments to boost production and avoid President Donald Trump's tariffs, but they are awaiting clarity on the status of a North American free trade agreement and future vehicle duties.
- Volkswagen unveiled a new version of its Atlas SUV on Wednesday that is being produced at its Tennessee plant. "When you look at the investment volumes and also lead times to build up a product portfolio and supply chains, stability is just so important," Kjell Gruner, president and CEO of Volkswagen Group of America, told Reuters.
### Expert Commentary
This article covers fast, reuters, production topics. Notable strengths include discussion of fast. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 738.
Toyota has announced plans to invest $10 billion in the U.S. over the next five years but only offered details on about $2 billion. "Where we build, what we build, is all in flux so to speak," Toyota Division General Manager David Crist told Reuters on the sidelines of the New York Auto Show. "It's hard to make those decisions with a 25 per cent USMCA tariff. I think we have to get more clarity on that before we finalize every decision within the $10 billion, but that investment is coming." CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Hyundai has announced a $26 billion investment in the U.S. through 2028. Hyundai CEO Jose Munoz said the company aims to get to 80 per cent of vehicles sold in the U.S. produced in America and boost U.S. production from 800,000 cars to 1.2 million. "We want to invest here," Munoz told Reuters at the show. "This is our most important market." Last year, Hyundai told the Trump administration that uncertainty about USMCA was delaying investment decisions. "Early confirmation of USMCA's extension would immediately unlock over $20 billion in new American investments. Nissan's lowest-cost cars for the U.S. market are produced in Mexico but that is a challenge given tariffs, said Christian Meunier, chairman of Nissan Americas. "The problem is, they're not made in the U.S., and it's a very big challenge to build very affordable cars in the U.S. because of the labor rate," he told Reuters.
## Article Content
Advertisement
Business
Automakers plan billions in US investments but seek clear trade rules
Drone view shows Volkswagen Group cars bound for cargo ship export to the United States at the seaport of Emden near the estuary, where the River Ems flows into the North Sea, in Emden, Germany, April 2, 2025. REUTERS/Erol Dogrudogan
02 Apr 2026 05:03AM
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Bookmark
Share
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Add CNA as a trusted source to help Google better understand and surface our content in search results.
Read a summary of this article on FAST.
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FAST
NEW YORK, April 1 : Global automakers plan billions of dollars in new U.S. investments to boost production and avoid President Donald Trump's tariffs, but they are awaiting clarity on the status of a North American free trade agreement and future vehicle duties.
The auto industry has urged the Trump administration to extend the United States-Mexico-Canada Agreement that faces a review this year. Car companies call the trade deal crucial to American auto production.
Toyota has announced plans to invest $10 billion in the U.S. over the next five years but only offered details on about $2 billion.
"Where we build, what we build, is all in flux so to speak," Toyota Division General Manager David Crist told Reuters on the sidelines of the New York Auto Show. "It's hard to make those decisions with a 25 per cent USMCA tariff. I think we have to get more clarity on that before we finalize every decision within the $10 billion, but that investment is coming."
CNA Games
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Show More
Show Less
Hyundai has announced a $26 billion investment in the U.S. through 2028. The company showed off a concept SUV and said it plans to build a new mid-size truck by 2030 in the U.S.
Hyundai CEO Jose Munoz said the company aims to get to 80 per cent of vehicles sold in the U.S. produced in America and boost U.S. production from 800,000 cars to 1.2 million. "We want to invest here," Munoz told Reuters at the show. "This is our most important market."
Last year, Hyundai told the Trump administration that uncertainty about USMCA was delaying investment decisions.
"Early confirmation of USMCA's extension would immediately unlock over $20 billion in new American investments. Every month of ambiguity slows job creation, site selection and technology development," Hyundai said.
Volkswagen unveiled a new version of its Atlas SUV on Wednesday that is being produced at its Tennessee plant.
"When you look at the investment volumes and also lead times to build up a product portfolio and supply chains, stability is just so important," Kjell Gruner, president and CEO of Volkswagen Group of America, told Reuters.
Nissan's lowest-cost cars for the U.S. market are produced in Mexico but that is a challenge given tariffs, said Christian Meunier, chairman of Nissan Americas. "The problem is, they're not made in the U.S., and it's a very big challenge to build very affordable cars in the U.S. because of the labor rate," he told Reuters.
Nissan is increasing production at its Tennessee plant and bringing a new Rogue hybrid to the plant next year. The tariffs were “a good thing for Nissan, because it forced us to accelerate the localization of our production,” Meunier said.
Source: Reuters
Newsletter
Week in Review
Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
Sign up for our newsletters
Get our pick of top stories and thought-provoking articles in your inbox
Subscribe here
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Stay updated with notifications for breaking news and our best stories
Download here
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Join here
Advertisement
Also worth reading
Content is loading...
Advertisement
Expand to read the full story
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
---
## Expert Analysis
### Merits
- Hyundai CEO Jose Munoz said the company aims to get to 80 per cent of vehicles sold in the U.S. produced in America and boost U.S. production from 800,000 cars to 1.2 million. "We want to invest here," Munoz told Reuters at the show. "This is our most important market." Last year, Hyundai told the Trump administration that uncertainty about USMCA was delaying investment decisions. "Early confirmation of USMCA's extension would immediately unlock over $20 billion in new American investments.
- Volkswagen unveiled a new version of its Atlas SUV on Wednesday that is being produced at its Tennessee plant. "When you look at the investment volumes and also lead times to build up a product portfolio and supply chains, stability is just so important," Kjell Gruner, president and CEO of Volkswagen Group of America, told Reuters.
### Areas for Consideration
- I think we have to get more clarity on that before we finalize every decision within the $10 billion, but that investment is coming." CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Hyundai has announced a $26 billion investment in the U.S. through 2028.
- Nissan's lowest-cost cars for the U.S. market are produced in Mexico but that is a challenge given tariffs, said Christian Meunier, chairman of Nissan Americas. "The problem is, they're not made in the U.S., and it's a very big challenge to build very affordable cars in the U.S. because of the labor rate," he told Reuters.
### Implications
- Click here to return to FAST Tap here to return to FAST FAST NEW YORK, April 1 : Global automakers plan billions of dollars in new U.S. investments to boost production and avoid President Donald Trump's tariffs, but they are awaiting clarity on the status of a North American free trade agreement and future vehicle duties.
- Volkswagen unveiled a new version of its Atlas SUV on Wednesday that is being produced at its Tennessee plant. "When you look at the investment volumes and also lead times to build up a product portfolio and supply chains, stability is just so important," Kjell Gruner, president and CEO of Volkswagen Group of America, told Reuters.
### Expert Commentary
This article covers fast, reuters, production topics. Notable strengths include discussion of fast. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 738.
fast
reuters
production
billion
build
told
cars
cna
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