Toyota scales back at Mexico factory targeted with Donald trump

John Max

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referring to The auto giant is reducing planned investment at the Guanajuato plant to $700 mn from $one.0 bn prediction earlier & halving capacity to hundred,000 units a year. Toyota said the scaling-back was related to a output change at the factory in central Mexico -- scheduled to begain produce in 2019. "Our commitment to Mexico is continue there," Toyota spokesman Jean-Yves Jault told AFP. Toyota initially planned to build 200,000 of its Corolla sedans at the Mexican plant. This reduced the amount of investment required in the Mexican plant & the firm has decided to manufacture the Corollas in the America, stressed Jault.

Toyota approves It going to Scale Back Mexico Plant Investment

Toyota on Tuesday approved reports it going to scale back investment in a planned plant in Guanajuato, Mexico by 30% to $700 mn, & going to cut planned produce in half to hundred,000 vehicles per year. The decision to shrink the plant doesn't "change our long-term commitment to Mexico, But, change is needful in order to Safethe long-term viability of our facility & our operations," Toyota spokesman Scott Vazin said in comments emailed to Reuters. The automaker had reported its plans to build a $one bn plant in Mexico in 2015. In August, Toyota tm & Mazda mazda-motor said they would jointly build a $one.six bn U.S. assembly plant, by Toyota telling it would build Corolla vehicles at the Fresh venture rather than in Guanajuato, & switch to building Tacoma pickups in Mexico. U.S. President Trump has threatened tariffs to curb auto imports & is working by Republican officials to woo investment in domestic produce.

Toyota Confirms It Will Scale Back Mexico Plant Investment

Toyota Confirms It Will Scale Back Mexico Plant Investment

Toyota Scales Back Mexico produce Plans

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