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

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

Frankfort-Township-Logo-Graphic

Frankfort Township Board Unanimously Opposes Government Consolidation

The Frankfort Township Board on Monday took a firm stance against a perennial issue in Illinois politics, unanimously passing a resolution to formally oppose any legislative efforts to consolidate or...
Frankfort-Township-Logo-Graphic

Frankfort Township Upgrading Senior Apartments Amidst High Demand

Frankfort Township is moving forward with significant upgrades to its senior apartments to meet modern standards, Supervisor Nick George announced at Monday’s board meeting. The improvements come as the township...
Frankfort-Township-Logo-Graphic

Outdoor Bar Expansion Gets Green Light from Frankfort Township

The Frankfort Township Board has approved a special use permit that will allow a bar in an unincorporated area to expand its service outdoors. The unanimous decision was made during...
Frankfort-Township-Logo-Graphic

Meeting Briefs: Frankfort Township Board for April 14, 2025

The Frankfort Township Board of Trustees met on Monday, April 14, 2025, to address zoning matters and new business. The board took a firm stance against government consolidation, unanimously passing...