Market Chatter: Toyota Tacoma Production Shift Raises Concerns Over Mexico Auto Output

MT Newswires Live07-08

Toyota Motor's (TM) decision to move production of its Tacoma pickup truck from Mexico to Texas has raised concerns that more automakers could shift production out of Mexico amid growing uncertainty over US-Mexico trade ties, Bloomberg reported Wednesday, citing two people familiar with the matter.

Automakers with operations in Mexico are reviewing contingency production plans, trimming output and reassessing long-term plant expansion agreements, according to the report.

Toyota Motor did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 175.59, Change: -3.84, Percent Change: -2.14

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