Toyota, Honda say no immediate plans to curb Mexico production

The presidents of Toyota Motor and Honda Motor said they have no immediate plans to curb production in Mexico, preferring to wait until after Donald Trump’s inauguration as U.S. President this month, before deciding whether to make any changes. “We will consider our option as we see what policies the incoming president adopts,” Toyota President Akio Toyoda said, when asked whether his company was considering any changes to a production plant the automaker is building in Mexico. Takahiro Hachigo, Honda’s president and CEO, for his part said: “We produce cars in Mexico for markets including North America and Europe and we have no immediate plan to change this. Toyota plans to raise output to around 160,000 units at its plant in Baja California, by 2018. It is also building a plant in Guanajuato city which will have an annual capacity of 200,000 when it comes online in 2019.