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Toyota Stock Dip After Trump Tweet on Planned Mexico Plant – The Yeshiva World
- Toyota Motor Corp. stock fell 2 percent in early Friday morning trading after President-elect Donald Trump said on Twitter that the Japanese automaker faces a "big border tax" if it goes ahead with plans on a new Mexico plant.Toyota in Japan had no further comments beyond what it released in the U.S., which did not directly address Trump's tweet but stressed that Toyota has been in the U.S. for six decades and that the Mexico plant will not affect jobs or production in the U.S.Toyota President Akio Toyoda made similar comments at a New Year's gathering for auto businesses at a Tokyo hotel, saying the company wants to be a "good corporate citizen" and make "America strong."Sentiments have been upbeat in the Japanese auto industry lately because of the weak yen and the Tokyo benchmark's rise following the U.S. election.Honda President Takahiro Hachigo, who was also at the reception, told reporters there were no planned production changes in Mexico.
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Toyota stock dips after Trump tweet on planned Mexico plant
- Toyota Motor Corp. is a "good corporate citizen" and intends to work with President-elect Donald Trump to help make America strong, the Japanese automaker's president, Akio Toyoda, says.Trump said on Twitter that Toyota would face a "big border tax" if it goes ahead with a plans for a new plant in Mexico.A statement issued by Toyota in the U.S. did not directly address Trump's tweet, but stressed that the company has been in the U.S. for six decades and that the Mexico plant will not affect jobs or production in the U.S.
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Toyota feels wrath of Trump
- DALLAS — Toyota is the latest automaker facing criticism from President-elect Donald Trump over its plans to manufacture cars in Mexico.On Thursday afternoon, Trump blasted the Japanese automaker for supposed plans to build a plant in Baja, Mexico.The company's stock promptly took a dive.
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Donald Trump continues tactics, uses Twitter to threaten Toyota
- Since winning the Nov. 8 general election, Donald Trump's targeted several manufacturing companies on his favorite communication tool — Twitter — to call them out for reported plans to move production facilities out of the U.S.The most recent was Toyota, blasted by Trump on Thursday for its plans to offshore production work.The President-elect threatened to impose a hefty fee on the world's largest automaker if it starts building Corolla cars for the U.S. market in Mexico.
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