The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Home Depot CFO Carol Tome says "consumer confidence is near record high levels" but "consumer demand could be impacted" by lingering U.S.-China trade tensions.Mad Money with Jim Cramerread more
(Adds SKF's Mexico exposure)
June 3 (Reuters) - U.S. President Donald Trump last Thursday threatened to impose a 5% tariff on all goods coming from Mexico starting June 10, increasing gradually each month until it reaches 25% on Oct. 1, unless Mexico takes immediate action to curb illegal immigration.
Such a move would likely hit a number of global firms, with those in the auto industry looking particularly vulnerable.
Automakers have long built vehicles in Mexico, taking advantage of the country's cheap labour, trade deals and proximity to the United States, the world's largest auto market after China.
Below are Mexican production and export figures for automakers in 2018, supplied by the Mexican Automotive Industry Association.
General Motors Co
Production: 834,414 vehicles. Exports: 811,954 vehicles.
The largest automaker in Mexico, with 14 manufacturing
Nissan Motor Co Ltd
Production: 762,408 vehicles. Exports: 496,333 vehicles.
Makes the most vehicles in Mexico among Japanese automakers.
Exports from Mexico to the United States account for roughly
one quarter of its U.S. vehicle sales, industry experts say.
Produces the Sentra and Versa in Mexico for the U.S. market.
Fiat Chrysler Automobiles NV
Production: 639,022 vehicles. Exports: 630,967 vehicles.
Production: 435,373 vehicles. Exports: 377,437 vehicles.
The group last year opened the COMPAS plant in
Aguascalientes, which it jointly operates with Renault-
Nissan, to produce its A-class sedan. Originally, the plant
targeted annual production of up to 230,000 vehicles, but
ramping up production has faced technical difficulties.
Kia Motors Corp
Production: 294,600 vehicles. Exports: 231,695 vehicles.
South Korean automaker said production includes 55,978 Verna
small cars made for affiliate Hyundai Motor Co.
Ford Motor Co
Production: 280,499 vehicles. Exports: 273,009 vehicles.
Toyota Motor Corp
Production: 191,978 vehicles. Exports: 187,569 vehicles.
Production: 173,098 vehicles. Exports: 172,232 vehicles.
Mazda Motor Co
Production: 149,589 vehicles. Exports: 137,463 vehicles.
Honda Motor Co
Production: 147,158 vehicles. Exports: 130,542 vehicles.
Japan's Denso Corp and Aisin Seiki Co have a manufacturing presence in Mexico.
Germany's Thyssenkrupp generates sales of about 1 billion euros ($1.11 billion) in Mexico, where it employs 4,300 personnel. It produces steering systems, crankshafts, springs and anti-roll bars for the car industry.
Sweden's SKF, which has had a presence in Mexico since 1920, employs 1,500 people and operates five factories, with three units manufacturing seals and bearings for automotive customers and the rest for industrial clients.
Vehicles and parts were Mexico's biggest export items to the United States in 2018, totalling $93.3 billion, according to the U.S. Census Bureau.
($1 = 0.8972 euros)
(Reporting by Naomi Tajitsu, Hyunjoo Jin, Heekyong Yang, Tim Hepher, Ilona Wissenbach and Christoph Steitz; Writing by Miyoung Kim; Editing by Christopher Cushing and Jan Harvey)