Top-selling automaker confirms U.S. investment, but no details yet

Spread the love

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.”

Leave a Comment





Latest News Stories

White House denies Trump wants to execute 'seditious' Dem lawmakers

White House denies Trump wants to execute ‘seditious’ Dem lawmakers

By Thérèse BoudreauxThe Center Square Despite several social media posts that seem to suggest the contrary, President Donald Trump does not want to execute Democratic members of Congress for “seditious...
IL GOP U.S. Senate candidate says state needs balanced representation

IL GOP U.S. Senate candidate says state needs balanced representation

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Despite having to push through a potentially crowded primary field, Republican U.S. Senate candidate Don Tracy says...
Wheat price drop brings notable Thanksgiving savings for Illinois families

Wheat price drop brings notable Thanksgiving savings for Illinois families

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – Illinois families will see some relief at the Thanksgiving table this year, with the average cost...
Illinois lawmaker calls FDA hormone therapy reversal ‘overdue’

Illinois lawmaker calls FDA hormone therapy reversal ‘overdue’

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – An Illinois lawmaker and practicing physician weighs said U.S. Health and Human Services Secretary Robert F....
September jobs report adds 119,000, steady unemployment

September jobs report adds 119,000, steady unemployment

By Andrew RiceThe Center Square The delayed release of a September report on the labor market appeared to defy expectations. The report showed employers added 119,000 jobs in September, a...
Indicted Florida congresswoman leaves committee leadership post

Indicted Florida congresswoman leaves committee leadership post

By Merrilee GasserThe Center Square U.S. Rep. Sheila Cherfilus-McCormick of Florida, indicted on charges of stealing $5 million in federal disaster funds and using some of it for her campaign,...
Existing home sales up 1.2% in October

Existing home sales up 1.2% in October

By Brett RowlandThe Center Square Sales of existing homes climbed 1.2% in October, according to a report released Thursday by the National Association of Realtors. The 1.2% increase in existing-home...
Chip Roy calls for full pause on all U.S. immigration

Chip Roy calls for full pause on all U.S. immigration

By Andrew RiceThe Center Square U.S. Rep. Chip Roy, R-Texas, is proposing a freeze to legal immigration admissions and visa issuances until the federal government addresses changes to the immigration...
Prosecutors defend indictment in Comey case after defense questions

Prosecutors defend indictment in Comey case after defense questions

By Brett RowlandThe Center Square Prosecutors defended how they presented the criminal case against former FBI boss James Comey to a grand jury after defense attorneys said the indictment failed...
IL Rep on congressmen trading: 'We're not going to take a pile of money to hell'

IL Rep on congressmen trading: ‘We’re not going to take a pile of money to hell’

By Jim TalamontiThe Center Square An Illinois congresswoman says the public is right to be alarmed about elected officials enriching themselves through insider trading. The U.S. House Administration Committee held...
House axes provision letting senators sue over data surveillance

House axes provision letting senators sue over data surveillance

By Thérèse BoudreauxThe Center Square The U.S. House has repealed a section in the recently-passed government funding bill that would have allowed individual senators to sue the federal government for...
DoEd’s six new agency partnerships will give parents freedom, break up bureaucracy

DoEd’s six new agency partnerships will give parents freedom, break up bureaucracy

By Tate MillerThe Center Square An education organization is applauding the U.S. Department of Education’s six new agency partnerships announced this week, stating that parents will have more control over...
Illinois quick hits: Officer shot report numbers down; Thanksgiving meal costs down

Illinois quick hits: Officer shot report numbers down; Thanksgiving meal costs down

By Jim Talamonti | The Center SquareThe Center Square Officer shot report numbers down The National Fraternal Order of Police reports, through Oct. 31, 285 police officers have been shot...
WATCH: Chicago activist testifies; Quinn’s millionaire surcharge; High SNAP error rate

WATCH: Chicago activist testifies; Quinn’s millionaire surcharge; High SNAP error rate

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop shares highlights from...
Farm Bureau says Thanksgiving prices down, but not enough

Farm Bureau says Thanksgiving prices down, but not enough

By Brett RowlandThe Center Square The cost of a Thanksgiving meal is down 5% this year, but Americans still feel strained by high food prices, according to the American Farm...