Mazda Motor Corp. said that its Mexican plant will remain a core manufacturing base, unaffected by trade policies of U.S. President-elect Donald Trump which could change the fate of North American Free Trade Agreement (NAFTA), according to Japanese media.
Mazda started production at its plant in Salamanca, Guanajuato, in 2014 as a key export base. But like other global automakers operating production facilities in Mexico, its export strategy could be threatened by Trump, who has said he will renegotiate the framework of NAFTA.
It is desirable for NAFTA to be maintained for the whole auto industry, Mazda CEO Masamichi Kogai said at a New Year press conference in Hiroshima where the company is headquartered.
"I will be closely watching policies of the incoming (U.S.) president," he said.