Trump raps Toyota's plan to build factory in Mexico
Jiji -- Jan 06
Incoming U.S. President Donald Trump on Thursday criticized a plan by leading Japanese automaker Toyota Motor Corp. <7203> to build a new factory in Mexico.

"Toyota Motor said will build a new plant" in Baja California, Mexico, to make Corolla cars for exports to the United States, Trump said on his Twitter account.

"No Way!," he said, adding, "Build plant in U.S. or pay big border tax."

This is the first time that Trump has criticized a Japanese company since he won the U.S. presidential election in November last year. The remarks that can be taken as a threat are likely to cause controversy, pundits said.

News sources: Jiji, ANNnewsCH
May 10
Toyota Motor on Wednesday said it expects a second straight year of profit declines for the 12 months through next March. It blamed slowing sales in the U.S. and heavy investment plans. (Nikkei)
Apr 03
Japanese carmaker Subaru celebrated its new company name at its factory in Gunma Prefecture, eastern Japan, on Sunday. (NHK)
Mar 07
Honda Motor Co.'s N-Box minivehicle topped Japan's new vehicle sales rankings for the third straight month in February, industry data showed Monday. (Jiji)
Feb 24
Nissan Motor Co. said Carlos Ghosn will step aside as CEO after leading the firm for 16 years, allowing him to concentrate on deploying his cost-cutting expertise across its alliance with Renault SA and newly added Mitsubishi Motors Corp. (
Feb 07
Japanese automakers Toyota and Suzuki say they have reached a basic agreement on a tie-up in wide areas, including eco-friendly and self-driving technologies. (NHK)
Feb 07
Toyota Motor Corp. said Monday it has raised its group earnings forecasts for the current business year through March, citing a weaker-than-expected yen and brisk global sales. (Kyodo)
Jan 30
Toyota Motor Corp. fell from the top spot in global auto sales for the first time in five years in 2016, outperformed by Volkswagen AG of Germany, according to data released by automakers Monday. (Kyodo)
Jan 14
Japanese car parts maker Takata has agreed to pay $1bn in penalties in the US for concealing dangerous defects in its exploding airbags. (BBC)
Jan 10
The president of Japanese automaker Toyota says his company will invest 10 billion dollars in the United States over the next 5 years. (NHK)
Jan 09
Nissan is halting joint development of luxury cars with Daimler's Mercedes-Benz, sources close to the companies told Reuters, suspending a key project in their seven-year partnership and potentially hitting profitability at a new shared factory in Mexico. (Japan Today)