*Mexico’s Economy Minister Marcelo Ebrard has stated that directors of the Japanese car manufacturer Honda in Mexico have not told the government of any plans to relocate their production outside of the country. Ebrard was responding to a recent report in Japanese financial newspaper Nikkei which stated that Honda was considering moving some car production from Mexico, as well as Canada, to the US in response to US President Donald Trump’s decision to impose 25% tariffs on imports of cars and car parts. Nikkei reported that Honda aimed to increase its production of vehicles in the US by up to 30% over two to three years, aiming for 90% of vehicles sold in the country to also be produced there. In a statement sent to newswire Reuters, Honda de México said: “Honda has not made any production decisions that affect operations in Mexico, nor are any currently being considered.” Honda currently has plants in the Mexican states of Guanajuato and Jalisco. Earlier this month, Mexico’s President Claudia Sheinbaum assured that the majority of automotive companies operating in Mexico are not planning to move their operations despite the tariffs.
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