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Ghosn not worried over NAFTA

Friday, November 18, 2016 - 01:16

President-elect Donald Trump has pledged to renegotiate the NAFTA trade deal, but Nissan CEO Carlos Ghosn says his company can adapt. Fred Katayama reports.

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President-elect Donald Trump has vowed to renegotiate the North American Free Trade Agreement deal or slap tariffs on Mexican vehicle imports, but Nissan Motor CEO Carlos Ghosn doesn't seem to be losing much sleep over it. Nissan runs three assembly plants in Mexico from which it exports vehicles to the U.S. But it also has four plants in the U.S., and he notes Trump has pledged, America First. SOUNDBITE: CARLOS GHOSN, CEO, NISSAN MOTOR, (ENGLISH) SAYING: "There are a lot of American interests embedded into free trade today in North America. That's why I'm very, in a certain way, relaxed about it because there may be some alteration to the treaty, but fundamentally, as long as it reflects American interests, I don't think any risk." 11:48:45 He's also optimistic because he sees Nissan benefiting if Trump makes good on his drive to boost infrastructure. Nissan's American and Mexican plants are running at full capacity today, so Ghosn is confident the company can adapt, and if anything, he says it'll have to invest more in North America. The automaker is currently building a $1 billion plant in Mexico in a joint venture with Daimler.

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Ghosn not worried over NAFTA

Friday, November 18, 2016 - 01:16