NEW YORK, NY --In another tweet targeting a U.S. company, President-elect Donald Trump is threatening to slap a tax on General Motors for importing compact cars to the U.S. from Mexico.
But GM makes the vast majority of compact Chevrolet Cruzes in Lordstown, Ohio, near Cleveland.
SEE ALSO: Trump says he doesn't trust computers as he rings in 2017
General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A.or pay big border tax!— Donald J. Trump (@realDonaldTrump) January 3, 2017
Trump tweeted early Tuesday that GM is sending Mexican-made Cruzes to the U.S. tax-free. He told GM to stop or pay a big border tax.
GM saw the tweet and is formulating a response.
Shares of GM fell 0.4 percent to $34.70 in premarket trading after the tweet.
RELATED: Trump formally wins presidency after Electoral College election
PHOTOS: Meet the team Donald Trump has selected for his administration
Last year Trump threatened to tax Ford, which plans to shift production of the compact Focus to Mexico. Jobs at the U.S. factory that makes Focuses would be preserved because the plant would get a new pickup and SUV.
RELATED STORIES: THE TRUMP TRANSITION
A look inside moving day at the White House
Trump closing his foundation, but Democrats want more