Toyota plans truck, possibly SUV production in Mexico after Trump threat

8/04/2017 Reuters

MEXICO CITY (Reuters) – Toyota Motor Corp (7203.T) said on Friday it planned to build pickup trucks and possibly SUVs at a new plant in Mexico, a move that followed threats by U.S. President Donald Trump to penalize the company if it built small cars south of the border.

Toyota initially planned to produce Corolla sedans at the plant it is building in the central state of Guanajuato but will now switch production of the small cars and a new Mazda SUV crossover to a new assembly plant planned for the United States.

Trump threatened in January to impose a hefty fee on the world’s largest automaker if it built Corollas for the U.S. market in Mexico.

Toyota de Mexico spokesman Luis Lozano said the global auto maker would study producing SUVs in Guanajuato, in addition to the Tacoma truck model.

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