By Cameron Arcand | Fox Business
Nissan CEO Makoto Uchida suggested President Trump’s tariffs could force the car manufacturer to shift its production outside of Mexico.
“From Mexico to the U.S., we are exporting a significant number of cars this fiscal year[…] 320,000 units are exported from Mexico to the U.S., and if the high tariffs are imposed, we need to be ready for this, and maybe we can transfer the production of these models elsewhere if this were the decision, we will think how we can make it a reality while monitoring the situation,” Uchida said, according to a translation on Reuters.
The move could be a major blow to Mexico’s auto production sector, as nearly 670,000 vehicles were made by Nissan in the country last year, with over 456,000 of those being exported, according to the Spanish-language UnoTV.