Mexican Media Brands
Trump Threatens Border Tax on Toyota Corollas from Mexico
President-elect Donald Trump, who earlier this week warned of a “big border tax” on cars General Motors Co. makes in Mexico, has now made the same threat against Toyota Motor Corp.
#economics
Share
President-elect Donald Trump, who earlier this week warned of a “big border tax” on cars General Motors Co. makes in Mexico, has now made the same threat against Toyota Motor Corp.
Trump derides Toyota for planning to build a factory in Baja that will make Corolla small cars. The $1 billion facility he refers to actually is planned for the state of Guanajuato, roughly 1,000 miles away. Toyota makes about 90,000 Tacoma small pickup trucks per year in Baja.
Trump’s threat came shortly after Toyota President Akio Toyoda told reporters he would review the company’s Mexico strategy after the new president takes office and reveals his trade policies. So far Trump has asserted his desire to reduce Mexican imports to the U.S. by raising the specter of import penalties on a company-by-company basis.
Toyota said last spring the Guanajuato facility will have annual capacity to make 200,000 vehicles when it opens in 2019. The plant will showcase a radical new way of making vehicles based on the Toyota New Global Architecture platform, according to the carmaker.
The new Mexican factory is intended to assume Corolla production currently handled by a factory Toyota operates in Cambridge, Ontario. The move will enable the Canadian plant to expand output of hot-selling crossover vehicles. Toyota also makes Corollas in Blue Springs, Miss.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.