Thursday, January 5, 2017

Donald Trump threatens to Toyota with a “large fee” if you do not move your production from Mexico to united States – BBC news

Model Corolla 2017 ToyotaImage copyright Toyota
Image caption Controversy surrounding the construction of the model Corolla 2017 Toyota.

Donald Trump threatened the car manufacturer-japanese Toyota with “a large fee” if you install a plant in Mexico to supply the U.s. market.

“Build the factory in the united States, or pay a large tax at the border”, warned Trump on his Twitter account.

The president-elect of the united States wrote on the social network Twitter that “no way” Toyota is going to manufacture in Mexico the model of Corolla for the u.s. market.

The japanese brand is the latest automaker to receive the criticism of Trump by going to Mexico to manufacture cars destined for the U.s. market.

Trump had already criticized General Motors for manufacturing cars in Mexico. Ford canceled its plans to invest US$ 1,600 million south of the border and will expand their operations on us territory.

Image copyright Twitter

Toyota had announced in April 2015 plans to invest US$ 1,000 million to manufacture the Corolla in Mexico, in Guanajuanto and not Baja California as indicated by Trump in his tweet.

construction began in November of 2016.

Hours before that Trump published his triune, the president of Toyota, Akio Toyoda, had been asked in Tokyo if your company is thinking of making any changes in their investments in Mexico.

“we will Consider our alternatives when we look at what policies it adopts the new president”, said Toyoda in reference to Trump.

Shortly after the tweet, from Trump, Toyota in the united States responded that the investment in Guanajuato does not imply a reduction of production or employment in the united States.

“With more than US$ 21.900 million of direct investment, 10 manufacturing plants, 1,500 of dealer sales and 136.000 employees, Toyota expects to collaborate with the management of Trump in order to better serve the interests of consumers,” notes the press release.

Image copyright Getty Images
Image caption Trump has promised to renegotiate the NAFTA.

in Addition, the u.s. division of Toyota pointed out that in 2015 the company manufactured in the united States, more than 160,000 cars were exported to 40 countries.

And insisted on the plant Floor, established in 2002, provides support to the production in San Antonio, Texas, where 3,300 employees produced over 230,000 units of the models of Tundra and Tacoma in 2016.

According to Toyota, has recently invested more than US$ 700 million in generate 1.130 jobs.

The Free Trade agreement of North America (NAFTA), signed between the U.S., Mexico and Canada to the elimination of tariffs, has provided automobile manufacturers to transfer their production to Mexico, lowering costs, and then sell in the U.S.

One of the campaign promises of Trump is to renegotiate the NAFTA to end the practice, which it considers, will cost jobs to the economy of their country.

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