Trump will tax any automaker if they bulid cars in Mexico instead of U.S , causes headache for Saminda as it plant were "half-way" done to produce the C1.
President-elect Donald Trump said that if automaker were to build cars in Mexico to U.S , it would impose a hefty tax.
U.S is the largest and the most profitable market for Saminda and for sure this affect them when the Mexico plant were actually half way done to produce the C1.
"If we were to continue our plan to produce cars in Mexico to U.S, it will not be just a simple heavy taxes but it affect the whole plant productions as well as our staffs" said Teiko Sakahashi , CEO of American Saminda.
Sakahashi also added it will renegotiate the North American Free Trade Agreement.
Saminda said in March 2013 that it would spend $400 million to build a plant in Villahermosa, Mexico to produce the C1, it will produce around 150,000 C1 subcompact cars a year for the North American market starting in 2018.