In a recent speech, former President Donald Trump claimed that Toyota would invest $10 billion in the United States. However, Toyota has issued a clarification, stating that no specific investment figure of that scale was mentioned. The company reaffirmed its commitment to continue investing and providing employment in America.
Reuters reported on Wednesday, October 29, that Toyota did not “explicitly promise” a $10 billion investment in the United States. The clarification came from Toyota executive Hiroyuki Ueda, who refuted President Trump’s claim that Toyota would spend the money 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.”
This statement from Toyota followed Trump’s speech in South Korea, during which he said, according to a transcript by Mediaite, that he met with “Mr. Toyota in Japan,” who “just announced he is going to spend, they are going to spend $10 billion.”
Toyota’s clarification highlights the distinction between ongoing investment commitments and the specific large-scale investment figure cited by Trump.
https://www.shacknews.com/article/146584/toyota-refutes-trump-10-billion-car-plants
