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
Illinois quick hits: Governor bans school fines; Target fires hundreds over fraud
Industry advocates: More state regulation will drive insurance rates higher
Lincoln-Way Board Reviews $162 Million Tentative Budget, Projects Deficit Due to Bus Purchase Timing
Lincoln-Way Board Reviews $162 Million Tentative Budget, Projects Deficit Due to Bus Purchase Timing
New Lenox Swears In New Police Chief Micah Nuesse, Deputy Chief Brandon Tilton
Public education budgets balloon while enrollment, proficiency, standards drop
Meeting Summary and Briefs: Will County Board Executive Committee for August 14, 2025
New Lenox Fire District Approves Contract for $4 Million Station 62 Remodel
New Lenox to Reinstate 1% Grocery Tax, Mayor Blames State Politics
New Lenox Township Receives Clean Audit, Praised for Fiscal Strength
Frankfort Approves Over $19 Million in Surplus Fund Transfers for Future Projects
Frankfort Advances Plans for New Multi-Use Paths to Boost Pedestrian Safety