Trump is sticking to his guns and wants to make sure jobs are brought back to the U.S.
The tough talk from Trump has left many of the Automakers in doubt as to what the future holds for their Mexico plants. Both Honda and Toyota have plants in Mexico and are holding back on making any changes for the time being.
Akio Toyoda , the president of Toyota Motor Corp., has said he will wait until president elect Donald Trump is inaugurated before making any decision about where to continue production of the Toyota vehicles. “We will consider our option as we see what policies the incoming president adopts,” said Akio Toyoda.
Most of the automakers have taken advantage of the cheaper production that Mexico provides. Toyota is not the largest exporter of vehicles from Mexico. The bigger Mexico auto makers are Fiat Chrysler Automobiles, GM, Nissan Motor Co. and Ford.
Recently Trump went after GM for their Chevy Cruze vehicles that they export from Mexico saying, “sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free.”
Ford have also been in Trumps crosshairs and have stated that they would cancel the planed plant in Mexico, worth about $1.6 billion and bring that investment to their factory in Detroit.
Trump seems to be talking tough but it seems to be having an effect with investments and jobs being brought back to the U.S. Hopefully this will bolster the U.S. economy through these rocky times.
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