NAFTA unlikely to hurt Mexico car production, says Renault-Nissan CEO

by Dramelin 5:30 AM 0 comments

"I`m not so worried because frankly I think NAFTA is so much in the interest of all parties," said Ghosn.
The carmaker`s chairman and chief executive Carlos Ghosn told CNBC Tuesday that he expects a "rebalancing" of the 23 year old trade deal between the U.
S.
, Mexico and Canada, but does not foresee an outright ban, which could sorely hurt the manufacturer`s production plant in Mexico.
We are used to dealing with political change: Renault CEO 4 Hours Ago | 03:15Renault-Nissan has no plans to move production out of Mexico despite speculation that the anticipated revision of the North American Free Trade Agreement (NAFTA) could slap tariffs on trade between the U.
S.
and Mexico.
Since entering into office, negotiations have been underway to revise the trilateral deal.
Nissan built its first overseas plant in Mexico 50 years ago and now produces more than 800,000 cars there, making it the largest auto manufacturer operating in the country, according to Reuters.