Nissan's Ghosn says he'll monitor Trump policies www.nhk.or.jp
Nissan CEO Carlos Ghosn says he will keep a close eye on President-elect Donald Trump's policies. Earlier on Tuesday, US automaker Ford announced it is canceling plans to build a plant in Mexico.
The move comes as Trump ramps up criticism of companies he claims have moved US jobs overseas. Ford says it will instead expand a domestic plant, creating 700 jobs.
Ghosn said in an interview with CNBC that the US market is very important for most global automakers.
He said all automakers will be monitoring what measures the new administration takes.
Ghosn said any changes to production in the US will depend on Trump's actions.
Many Japanese auto and parts makers have moved manufacturing to Mexico to take advantage of the North American Free Trade Agreement.
Under NAFTA, tariffs aren't imposed on automobiles exported from Mexico to the US. But companies are growing increasingly concerned that this may change under Trump.
Published Date:2017-01-05