Mexico’s automobile industry has not yet planned any postponements to scheduled investment since the election victory of Donald Trump for U.S. president, 2 leading business associations stated.
Trump stirred worries of a loss of investment during the campaign by threatening to tear up a joint trade deal and enforce tariffs on Mexican-made goods, complaining the nation was eliminating the United States on trade.
The billionaire condemned U.S. producers for making financial investments in Mexico throughout the campaign, alleging automakers like Ford and General Motors of being unpatriotic.
Up until now, however, Trump’s statements have not caused the companies in Mexico to take any move, 2 of the most significant industry lobbies stated.
“I do not know of any investments or plants that have been stopped,” Eduardo Solis, the president of car manufacturers market group AMIA informed a press conference in Mexico City. “I don’t know of any business that wants to leave.”
Oscar Albin, head of the vehicle parts group INA, concurred.
“Of the plans that have presently been set, luckily no one has postponed or canceled them,” he stated. “We have not seen any curb on the arrival of new vehicle parts makers or on the growth of plants presently here in Mexico.”
