Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for the U. S. IN the WAY! Build plant in U. S. or pay big border tax.
— Donald J. Trump (@realDonaldTrump) January 5, 2017
In reaction to the words of Donald Trump on Twitter, the actions of the Toyota negotiate in New York (American Depositary Receipts) fell 0,72% to 120,32 dollars.
The titles of the Toyota traded on Wall Street responded by falling to the words of Trump
last Tuesday, January 3, Trump launched criticism to the General Motors (GM) for the production of your model, the Chevy Cruze in Mexico, which is then sold in the United States. Along with the note, Trump has threatened that if the GM does not go the production of the vehicle to the U.S., would be subject to the payment of high customs fees, something that he also wrote in the message that today that points batteries to Toyota.
“General Motors produces the Chevrolet Cruze in Lordstown, Ohio,” says, for its part, the manufacturer. Already the Chevrolet Cruze five-door, with weak sales in the United states and with destination to the global market, has its manufacturing process based in Mexico.
in This same day, Ford became public that he had decided to suspend the construction of a new plant in Mexico, which represented an investment of 1.6 billion dollars. The decision can be seen as a sign that the threats of the president-elect to the companies, and that will, in the sense that they will have to pay high taxes to sell their products in the U.S., are taking effect.
In the alternative, Ford will invest 700 million dollars (672 million euros) to expand the capacity of the factory that has in Flat Rock, Michigan. Will be created 700 jobs in drive, north-american, where will be developed the car autonomous and electrical. Already the next-generation Ford Focus will be produced in unit of mexican Hermosillo.
THE CEO of Ford, Mark Fields, told CNN that this investment in Michigan is a “vote of confidence” in the new business environment that is being created by Donald Trump, as well as in the north american economy.
Still, the CEO of the carmaker, ensured that this decision was taken not after any negotiation with the president-elect of the United States. “We did not do any business with Trump. We did our business,” said Fields, who has communicated the decision of the company to the Trump and his vice-president that day.
The next day, the president-elect of the USA thanked the carmaker “por give up a new factory in Mexico and create 700 new jobs in the us”.
(News updated at 18:43 with more information)
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