Detroit/Chicago — The election of Donald Trump as the next US president puts new pressure on vehicle makers and other manufacturers that have become dependent on open trade with Mexico. And it raises the risk they will face higher costs. Vehicle makers could also take a hit if instability in financial markets undercuts the confidence of consumers in the US and other major markets at a time when growth in US vehicle sales has stalled. Shares in Japanese vehicle makers, which also rely on Mexico as a production hub for the US market, underperformed the benchmark Nikkei index, which fell 5%. In afternoon Tokyo trade, shares in Toyota Motor were down 6.5%, Nissan Motor’s were down 6%, while Honda Motor had fallen 7.8%. US manufacturing groups and companies said on Wednesday that they wanted to work with the new administration. "This election makes clear that Americans agree that manufacturing is the nation’s priority," said the National Association of Manufacturers, a trade group repres...
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