Toyota May Halt U.S. Imports of Some Models on Trump's Tariffs
Toyota Motor Corp. may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker's North American chief. The Japanese carmaker is busy analyzing scenarios about how tariff schemes could affect each of its car and truck lines, said Jim Lentz, chief executive officer for Toyota's North American operations. Toyota is in the process of building its 11th U.S. factory, a joint car-assembly plant with Mazda Motor Corp. in Huntsville, Alabama. Canada also supplied 95 percent of the roughly 108,000 Lexus RX sport utility vehicles sold in the U.S. last year. Lentz said he supports Trump's efforts to help automakers in other areas, including by re-examining fuel economy standards and cutting tax rates.Subaru Joins Toyota in Expecting 'Big Impact' From U.S. Auto Tax
as informed in Subaru Corp. reported a sales slide in the U.S., its largest market, and predicted a "big impact" from President Donald Trump's proposed tariffs on imported vehicles following the escalation of a global trade war. "It's a fact that there would be a big impact from a U.S. tariff increase," Chief Financial Officer Toshiaki Okada said at a briefing in Tokyo. Subaru maintained its outlook for the yen to trade at 105 to the dollar for its full-year forecasts. The company expects operating profit to fall 21 percent to 300 billion yen ($2.7 billion) in the year ending March 31. That's less than analysts' projection of 357.7 billion yen, based on the average of estimates compiled by Bloomberg.collected by :Edison Noah