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Investing.com -- Honda (NYSE:HMC) executives in Mexico have confirmed that there will be no changes to their production in the country, according to Mexican Economy Minister Marcelo Ebrard. The announcement was made on Tuesday, following recent media reports suggesting that the Japanese automaker was considering shifting some of its production from Mexico and Canada to the United States.
Ebrard shared the news in a post on X, dispelling speculations that arose after a report by newspaper Nikkei. The report suggested that Honda was contemplating a move to the U.S. as a reaction to the new U.S. auto tariffs.
However, the discussions between the government and Honda executives in Mexico have resulted in the assurance that the company’s production will remain in the country. This decision comes despite the potential challenges posed by the newly introduced U.S. auto tariffs.
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