FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Toyota Tacoma Production Shift Raises Concerns Over Mexico Auto Output

By

Toyota Motor's (TM) decision to move production of its Tacoma pickup truck from Mexico to Texas has raised concerns that more automakers could shift production out of Mexico amid growing uncertainty over US-Mexico trade ties, Bloomberg reported Wednesday, citing two people familiar with the matter.

Automakers with operations in Mexico are reviewing contingency production plans, trimming output and reassessing long-term plant expansion agreements, according to the report.

Toyota Motor did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $175.59, Change: $-3.84, Percent Change: -2.14%

Related Articles

Wire

BHP Group Workers to Strike at Western Australian Operations on July 16; Shares Down 3%

BHP Group (ASX:BHP) workers at its Port Hedland operations in Western Australia will go on an eight-hour strike on July 16 after failing to reach a labor agreement with the company, according to multiple Wednesday media reports.The move, which The Australian described as the local iron ore industry's "most significant strike action" in decades, will include 236 of the roughly 450 employees at Port Hedland.The Australian Workers Union, the Electrical Trades Union, and the Australian Manufacturing Workers Union have given the company a required five-day notice period for the strike, ABC News reported.BHP Group previously cautioned that a Port Hedland shutdown could cost the company north of AU$120 million in daily revenue, according to the reports.The company did not immediately respond to a request for comment from.Its shares fell past 3% in recent Wednesday trade.

ASX:BHP
Wire

Qube Holdings Says Rubik Australia Deal Becomes Legally Effective; Declares Special Cash Dividend

Qube Holdings (ASX:QUB) said Rubik Australia's acquisition of the company is now legally effective following the lodging of court approval orders with the Australian Securities and Investments Commission, according to a Wednesday filing with the Australian bourse.The company expects its shares to be suspended from the ASX at the close of Wednesday trading, and anticipates the deal's implementation to occur on Aug. 14.Additionally, Qube declared a fully franked special cash dividend of AU$0.3465 per share, payable July 23 to shareholders of record as of July 14.

ASX:QUB
Wire

Update: Adairs Expects Fiscal 2026 Underlying EBIT of Up to About AU$56 Million; Shares Fall 4%

(Updates to add stock movement in the headline and the last paragraph)Adairs (ASX:ADH) expects fiscal 2026 group underlying earnings before interest and tax (EBIT) in the range of AU$53.5 million to AU$55.5 million, down 1.3% at the midpoint on fiscal 2025, according to a Wednesday Australian bourse filing.The company anticipates group sales in the range of AU$640 million to AU$641.5 million, up 3.7% at the midpoint.The company said it expects to recognize a non-cash impairment of the Focus on Furniture goodwill and brand intangible in the range of AU$62 million to AU$68 million, or AU$56 million to AU$60 million after tax, to be excluded from underlying earnings.After the impairment and other significant items, the company expects to report a statutory net loss after tax of about AU$43 million for fiscal 2026, per the filing.The company's shares fell around 4% in recent Wednesday trade.

ASX:ADH