Hyundai Motor Group is expected to be among the least affected global automakers from the United States’ plan to levy a 25 percent tariff on goods from Mexico (Image courtesy of Yonhap)
SEOUL, Feb. 5 (Korea Bizwire) - Hyundai Motor Group is expected to be among the least affected global automakers from the United States’ plan to levy a 25 percent tariff on goods from Mexico, according to market watchers Wednesday.
Major automakers with production bases in Mexico include General Motors (GM), Ford, Toyota, Nissan, Volkswagen, Honda and Stellantis, all of which have significant exports to the U.S., according to industry data.
Last year, GM led Mexican exports to the U.S. with 712,000 vehicles, followed by Ford and Nissan, with 358,000 units and 315,000 units, respectively.
Volkswagen came fourth with 287,000 units shipped to the U.S. from Mexico, trailed by Toyota and Honda with 228,000 and 211,000 units, respectively.
(Yonhap)
