Top-selling automaker confirms U.S. investment, but no details yet
The world’s top-selling automaker said it plans to continue investing in U.S. operations but wouldn’t confirm on Wednesday that it will be $10 billion, as President Donald Trump had announced.
Trump said Toyota would invest $10 billion in the U.S. earlier this week on his trip to Asia. But that figure has been under question since then.
“I was just told by the prime minister that Toyota is going to be putting auto plants all over the United States to the tune of $10 billion,” Trump told troops aboard the USS George Washington on Tuesday.
He even encouraged service members to go out and buy a Toyota, a departure from his usual support for U.S. automakers.
“During the first Trump administration, I think the figure was roughly around $10 billion, so while we didn’t say the same scale, we did explain that we’ll keep investing and providing employment as before,” Toyota executive Hiroyuki Ueda told reporters in Japan, according to multiple media reports. “So, probably because of that context, the figure of about $10 billion came up.”
Toyota officials told The Center Square on Wednesday that more details would come.
“As we’ve done for 68 years, Toyota will continue to invest in U.S. operations, staying true to our principle of building where we sell and buying where we build,” the company said in a statement. “This effort aligns with President Trump’s emphasis on growing investment and manufacturing in America and underscores our enduring commitment to U.S. manufacturing, supply chains, jobs, and customers. More details will follow soon.”
Latest News Stories
Vance optimistic with Gaza peace plan; reiterates no U.S. troops to be on the ground
Poll: Majority of Americans do not support National Guard to deter crime
‘Legal minefield:’ Biometrics reforms needed to keep IL tech biz growing
Warriors Fall to Olney 28-27 in Heartbreaking Battle for Little Illini Title
As military branches celebrate 250 years, Democrats vote against paying them
Chicago transit violent crime at 7 year high, funding concerns persist
WATCH: National Guard case before SCOTUS; Trump insists China soybean deal coming
Illinois quick hits: Harvey furloughs some employees; lead poisoning prevention continues
Illinois quick hits: Filings made to SCOTUS in National Guard case; Chicago sued DHS
Colorado Dems seek restoration of $600M in federal funds
Senate Democrats block bill to end government shutdown for 11th time
WATCH: Eric Trump talks about his book at Reagan Library