Posts Tagged ‘toyota trump’

Toyota Scaling Back New Mexican Plant

Move driven by demand, not politics, automaker says.

by on Oct.26, 2017

Under the revised plan, Toyota will produce only the Tacoma at the new Mexican plant.

Toyota is scaling back by nearly a third its investment in a new plant in Mexico that will build some of its compact Tacoma pickup trucks, the Japanese automaker has confirmed.

The factory was originally set to cost $1 billion, a figure that will now be scaled back to $700 million. Production of Toyota’s Corolla sedan, which also was to go into the plant in Guanajuato, will now be moved to a new factory Toyota is setting up in the U.S.

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The decision comes at a time when President Donald Trump has been leaning hard on automakers to boost U.S. production and, in particular, move operations out of Mexico. But several Toyota executives stressed that the shift in production was not motivated by political pressure.

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Toyota Delaying Launch of New Mexican Plant

Operations now set to begin in 2020.

by on Aug.10, 2017

Toyota will now produce its midsize Tacoma pickup truck at the new Mexican plant.

Toyota will push back by a year the planned opening of a new assembly plant in Mexico, a delay resulting from its decision to shift production for two key models.

The factory in Guanajuato, in central Mexico, was to have produced the popular Toyota Corolla. Instead, it will now build the Tacoma pickup. The Corolla, meanwhile, will move from a Toyota factory in Canada to a new plant Toyota is opening in the United States.

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“With the production model change to the Tacoma pickup, the start of production will consequently be in the first half of 2020,” rather than the originally scheduled production launch in 2019, a Toyota spokesman explained. “However, we will make our utmost effort to advance the timing in order to minimize the impact to suppliers and the local community.”

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“We Will Adapt,” Says Nissan CEO, as Trump Attacks Rival Toyota for Mexican Imports

Automakers waiting to see what is beyond the incoming president’s tweets.

by on Jan.06, 2017

"We are pragmatic," said Nissan's Ghosn.

Nissan is taking a “pragmatic” approach to dealing with a new president who may move to block automotive imports from Mexico, CEO Carlos Ghosn told TheDetroitBureau.com during a discussion at the annual Consumer Electronics Show in Las Vegas.

Ghosn’s comments came shortly after President-elect Donald Trump attacked Toyota in the latest in a series of tweets criticizing automakers who import vehicles into the U.S. from Mexico. That move sent the stock of the largest of the Japanese automakers tumbling. Nissan is the best-selling automaker in Mexico and has major assembly operations there supplying the U.S. and numerous other markets.

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“We are pragmatic,” said Ghosn, who also serves as CEO of Nissan’s French alliance partner Renault. “We will adapt.”

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