Donald Trump kinda threatens Toyota company on Twitter,
Toyota responds!
U.S president elect Donald Trump took to his Twitter handle
this evening to reveal that he'll impose huge border tax on car production
company, Toyota, if they decide to build a manufacturing plant in Mexico rather
than the U.S.
According to Trump, Toyota had made plans to start producing
Corolla cars in its Mexico plant for the U.S market, something the president
elect clearly doesn't like as he hopes to keep up with his 'jobs jobs' mantra.
Just after Donald Trump threatened to impose huge taxation
on Toyota if they don't produce cars in the US, Toyota's shares sharply dropped
on the US stock market.
The car manufacturing company took their official website
and Twitter to reply Trump.
In 2015 Toyota exported more than 160,000 U.S.-built
vehicles to 40 countries, helping to establish the U.S. as a global export hub.
• Our manufacturing facilities in Baja, Mexico, established
in 2002, support production at our San Antonio, Texas plant, where 3,300 team
members produced over 230,000 Tundras and Tacomas in 2016.
• Recent manufacturing expansions by Toyota in the U.S.
include:
◦ $360 million investment in Toyota’s Georgetown, Kentucky
plant, adding 750 new jobs
◦ $150 million investment at its Huntsville, Alabama plant
◦ $100 million investment in Toyota’s Princeton, Indiana
plant, adding 300 jobs
◦ $90 million investment at its Buffalo, West Virginia
plant, adding 80 jobs
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