Home Business Despite Trump’s threats, Toyota mantains investments in Guanajuato

Despite Trump’s threats, Toyota mantains investments in Guanajuato

by sanmigueltimes
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According to Mexico City based Newspaper “24 horas”, Toyota America’s Vice President, Nobuzo Jun Umemura, made a promise to continue the construction of its plant in the state of Guanajuato where it expects to produce 200,000 Corolla model units by July 2019, despite U.S. President Donald Trump policies.

During the launching of the report: “Mexico 2017”, elaborated by Oxford Business Group, Umemura announced that one of the most important Toyota factories around the world will continue under construction despite to Trump’s threats, and added that Toyota Company will start operations in 2019, maybe these premises last at least 30 years or more due to the fact that the automotive businesses are catalogued as very long term and exceed administrations.

Enrique Avilés Pérez, General Coordinator of Social Communication, on behalf of the Government of Guanajuato, and Octavio Humberto Aguilar Mata, Undersecretary of Tourism Promotion of the State’s Secretariat of Tourism, attended this event.


(Photo: 24-horas.mx)


The Japanese automaker director requested to the Mexican government to grant supports to this international firm in this land in order that Toyota Company can maintain its investments here, in the free trade zone, through the Free Trade Agreement (NAFTA).

The representative mentioned that Toyota is currently importing products here made in U.S.A from the Indiana, Kentucky, Texas, and Mississippi plants. He mentioned that they are exporting Mexican products to U.S or Japan as well.

Finally, he reiterated that it is very important for the automotive business that the Japanese company does not cancel its plans here, because this project has been studied for 10 years and generates a significant economic impact and created hundreds of direct and indirect jobs.

Source: http://www.24-horas.mx/

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