The "Made in Mexico" label has become more plentiful on American car lots this year, even as automakers pressured by President Donald Trump began the year with promises to create more jobs in the U.S.
The top manufacturing facility of Toyota transmissions isn't based in Japan but in Durham, North Carolina. The AW North Carolina (AWNC) plant - a subsidiary of AW, which is based in Anjo City, Japan - churns out more than 600,000 automatic transmissions per year for models such as the Camry, Tundra, Tacoma, Sequoia and, most recently, the Rav4.
Two proposed policy changes - imposing a border adjustment tax (BAT) and withdrawing from the North American Free Trade Agreement (Nafta) - would likely fail to achieve their goal of reversing the trend of offshoring manufacturing to low-cost countries and could potentially harm the U.S. motor vehicle industry, according to a new study by The Boston Consulting Group (BCG).
Donald Trump's election as U.S president sparked warnings of damaging trade wars and an end to globalization as we know it. So far, those predictions haven't played out.
New products, new industries, new leadership and, of course, new companies. Yeah, these last two years have been unlike any in the nearly-eight-decade history of the tech leader formerly known as Hewlett-Packard.
To President Donald Trump, America's $500bn trade deficit is a symbol of economic weakness. If he wants a revamped North American Free Trade Agreement to shrink that number, he'll need a seismic shift in how cars are made on the continent.
When it comes to reducing the greenhouse gas emissions, the electricity sector gets much of the attention, considering that it is responsible for 29 percent of those releases. But the transportation sector makes up 26 percent of them. If that is going to change, the electric car will have to make significant inroads.