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
IL legislators weigh energy policy some say will increase costs
NFIB says economy growing, but jobs lagging
‘I don’t have anything to negotiate:’ Johnson holds firm on GOP shutdown strategy
Analyst points to inefficiencies as Pritzker touts record spending on infrastructure
Federal judge blocks cuts in anti-terror funding to NYC transit
Businesses seek more time to address ‘diverging interests’ in tariff challenge
Israel-Hamas peace deal in limbo as clock ticks away on deadline
Trimming the fat: Trump boasts of shuttering government agencies amid shutdown
Trump freezes $18 billion in NYC infrastructure over DEI policies
Illinois quick hits: DHS announces more than 800 illegals arrested; utility prices drop slightly
WATCH: Officials shift shutdown blame; agreed-bill process upended; GOP offers solutions
Critics: Democrat Senators supporting “Democracy’ amendment would curtail free speech