It's not just Ford: Trump's trade barbs threaten VW, Toyota too
Tokyo
FORD Motor Co was a favourite target of Donald Trump, who lambasted the company for producing cars south of the border throughout his campaign. Toyota Motor Corp, Volkswagen AG and other US carmakers are just as exposed.
Toyota and Nissan Motor Co, Japan's largest carmakers, were spared from Mr Trump's critique by name on the campaign trail. Yet, along with General Motors Co and VW, they all rely on Mexican plants for millions of vehicles and a high volume of parts. That puts them at risk if the president-elect makes good on his threat to levy hefty taxes on cars assembled across the Rio Grande.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
AirAsia discloses new listing plans under RM6.8 billion units merger
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status