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

Illinois quick hits: Search continues for Gibson City suspect; manufacturing declines since 2000

Illinois quick hits: Search continues for Gibson City suspect; manufacturing declines since 2000

By Jim Talamonti | The Center SquareThe Center Square Search continues for Gibson City suspect Illinois State Police continue their search for a suspect wanted in connection with a Gibson...
Vance praises troops as backbone of Trump's peace campaign

Vance praises troops as backbone of Trump’s peace campaign

By Brett RowlandThe Center Square Vice President J.D. Vance told American and United Kingdom troops their contributions allow President Donald Trump to pursue peace worldwide. The vice president's comments come...
Foreign leaders wait for ruling in U.S. case on Trump's tariff power

Foreign leaders wait for ruling in U.S. case on Trump’s tariff power

By Brett RowlandThe Center Square Foreign leaders are watching a U.S. appeals court that could upend President Donald Trump's overhaul of global trade, held up by the tariff authority challenged...
WATCH: CA Dems announce congressional redistricting effort

WATCH: CA Dems announce congressional redistricting effort

By Dave MasonThe Center Square A large group of Democratic lawmakers, union leaders and other supporters gathered behind Gov. Gavin Newsom Thursday as he announced California is proceeding with efforts...
Trump orders drug stockpile, increased manufacturing

Trump orders drug stockpile, increased manufacturing

By Andrew RiceThe Center Square President Donald Trump ordered administration officials to draw up a list of 26 key drugs to develop a stockpile in the United States. His executive...
WATCH: Map debate, case against Texas Democrats continues in Illinois

WATCH: Map debate, case against Texas Democrats continues in Illinois

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – An Illinois Republican lawmaker says a judge’s ruling this week did not end the case against Texas...
WATCH: Illinois GOP State Fair rally takes aim at Pritzker, ‘woke agenda’

WATCH: Illinois GOP State Fair rally takes aim at Pritzker, ‘woke agenda’

By Greg Bishop | The Center SquareThe Center Square (The Center Square) − Republicans took their turn at the Illinois State Fair to call out Illinois Democrats for what the...
Small business group: Pritzker-signed bills are wrong move

Small business group: Pritzker-signed bills are wrong move

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) − Gov. J.B. Pritzker has signed legislation that he says will protect workers, but a small business advocate...
Grand Canyon fire now 54% contained; 144,432 acres burned

Grand Canyon fire now 54% contained; 144,432 acres burned

By Zachery SchmidtThe Center Square America’s largest active wildfire is now 54% contained, according to a report on a U.S. government website. Containment of the Dragon Bravo Fire in Arizona...
Report: Post-election audits in swing states insufficient

Report: Post-election audits in swing states insufficient

By Elyse ApelThe Center Square A recent report analyzed the 2024 post-election audits of seven swing states, finding that many were “inadequate” and lacking “transparency.” In Michigan, it found that...
U.S. producer prices surge in July as tariffs increase costs

U.S. producer prices surge in July as tariffs increase costs

By Brett RowlandThe Center Square U.S. wholesale inflation surged last month, a sign that President Donald Trump's tariffs are boosting costs and higher prices may be on the way. The...
Colorado sued over social media warnings for minors

Colorado sued over social media warnings for minors

By Elyse ApelThe Center Square An internet trade group filed a lawsuit against Colorado Thursday morning, challenging a new law that would require social media platforms to regularly send pop-up...
WATCH: Illinois In Focus Daily | Thursday Aug. 14th, 2025

WATCH: Illinois In Focus Daily | Thursday Aug. 14th, 2025

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...
Chicago’s commercial property taxes spike to twice national city average

Chicago’s commercial property taxes spike to twice national city average

By Glenn Minnis | The Center Square contributorThe Center Square (The Center Square) – Chicago business owners are now being forced to pay some of the highest commercial property taxes...
Illinois quick hits: Court rejects lawsuit against Texas Democrats; no charges for police

Illinois quick hits: Court rejects lawsuit against Texas Democrats; no charges for police

By Jim Talamonti | The Center SquareThe Center Square Court rejects lawsuit against Texas Democrats An Adams County judge has rejected a lawsuit against 33 Texas House Democrats who absconded...