Toyota shares slide after targeted by Trump over Mexico manufacturing

TOKYO (Reuters) - Shares of Toyota Motor Corp <7203.T> tumbled on Friday after U.S. President-elect Donald Trump threatened to impose a hefty fee on the automaker if it builds its Corolla cars for the U.S. market at a plant in Mexico.

Toyota dropped as much as 3.1 percent to 6,830 yen in early trade.

Other Japanese carmakers fell. Honda Motor Co <7267.T> lost 2.4 percent and Nissan Motor Co <7201.T> shed 2.0 percent, underperforming the broad Topix <.TOPX> index, which slipped 0.7 percent.

A stronger yen was also expected to weigh on shares of automakers.

(Reporting by Ayai Tomisawa; Editing by Chris Gallagher)