General Motors (GM) experienced a significant stock drop of over 7% on Thursday, contrasting sharply with Ford’s 3% decline and Stellantis’s 1% drop. Tesla’s stock remained virtually unchanged. This disparity is largely due to GM’s higher import volume, particularly from Mexico. In 2024, Mexico accounted for 16.2% of vehicle imports into the U.S., the highest of any country. During the first three quarters of 2024, 52% of GM vehicles sold in the U.S. were assembled domestically, while 30% came from Canada and Mexico, and 18% from other countries. Comparatively, 57% of Stellantis and 78% of Ford vehicles sold in the U.S. were assembled in the U.S., with 39% and 21% from Canada and Mexico, respectively. Additionally, 15% of GM’s U.S. vehicles originate from South Korea. These statistics highlight GM’s vulnerability to the newly announced 25% tariffs on non-U.S. made cars and certain auto parts.
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