In a recent speech, President Donald Trump claimed that Toyota would invest $10 billion in the United States. However, Toyota has since issued a clarification, noting that no specific figure of that magnitude was mentioned. The company emphasized that it will continue to invest and provide employment in America, but without confirming the $10 billion investment.
Reuters reported on Wednesday, October 29, that Toyota did not “explicitly promise” a $10 billion investment in the United States. This clarification came from Toyota executive Hiroyuki Ueda, who refuted President Trump’s claim that Toyota planned to spend that amount building “new car plants” in “numerous states, about six or seven different states.”
Ueda explained, “While we didn’t say the same scale, we did explain that we’ll keep investing and providing employment as before.”
President Trump made these remarks during a speech in South Korea. According to a transcript by Mediaite, Trump said, “I met with Mr. Toyota in Japan, and he just announced he is going to spend—they are going to spend $10 billion.”
Toyota’s response highlights the importance of verifying such claims before drawing conclusions about investment scales and plans.
https://www.shacknews.com/article/146584/toyota-refutes-trump-10-billion-car-plants
