Japanese car giant Toyota says will invest $10bn (£8.2bn) in the US over the next five years – the latest car giant to announce major investments. The firm’s North America chief executive, Jim Lentz, announced the decision at the Detroit motor show. He said it had nothing to do with President-elect Donald Trump’s hostility to … Read more
BMW has told the BBC that it is “absolutely” committed to a new plant in Mexico despite Donald Trump’s hostility to imported cars. The president-elect has threatened to impose a “border” tax on firms that make cars in Mexico for the US market. BMW is spending $1bn on a plant in Mexico, while other firms … Read more
Ford has said it will cancel a $1.6bn (£1.3bn) plant it planned to build in Mexico and instead extend operations at its factory in Michigan. The US car giant will spend $700m on expanding the plant at Flat Rock. Ford boss Mark Fields said the decision was partly due to falling sales of small cars … Read more
Mr Trump has criticised several US corporations since his election win US President-elect Donald Trump has criticised General Motors for making cars built in Mexico available tax-free in the United States. “General Motors is sending Mexican made model of Chevy Cruze to US car dealers-tax free across border. Make in U. S.A. or pay big … Read more