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
L-W School Board June 26 Meeting Briefs
JJC Embarks on New 10-15 Year Facilities Master Plan Process
Meeting Summary: Joliet Junior College Board of Trustees for June 25, 2025
Frankfort Library Board Appoints Former Trustee Brooks Stenoish to Fill Vacancy
Meeting Summary: Frankfort Public Library District for June 17, 2025
Will County Board Halts Transportation Plan After Contentious 143rd Street Debate
Will County Board Upholds Zoning Denials, Rejecting Developer Appeals
Split Vote Halts Monee Truck Terminal Project
Future Quarry Fight Looms as Board Approves ‘Tequila Barrel’ Retreat
News Briefs from the Will County Board June 18 Meeting
Frankfort Approves Outdoor Patios for The Loft and Grounded Coffee Bar, Waives All Parking Requirements
Frankfort Police Department to Get Four New Vehicles in Fleet Upgrade