Akio Toyoda

Toyota stock dips after Trump tweet on planned Mexico plant

Toyota Motor Corp. is a "good corporate citizen" and intends to work with President-elect Donald Trump to help make America strong, the Japanese automaker's president, Akio Toyoda, says.

Trump said on Twitter that Toyota would face a "big border tax" if it goes ahead with a plans for a new plant in Mexico. A statement issued by Toyota in the U.S. did not directly address Trump's tweet, but stressed that the company has been in the U.S. for six decades and that the Mexico plant will not affect jobs or production in the U.S.

Speaking before Trump put out his tweet, Toyoda responded to a question by a reporter at a New Year's gathering of Japan's auto...

38°