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.”

Events

No events

Leave a Comment





Latest News Stories

Will-County-Finance-Committee-Meeting-July-1-2025

County Moves Forward with $200.8 Million Bond Refinancing Plan

Will County Finance Committee members on July 1 approved moving forward with a comprehensive bond refinancing ordinance that could save taxpayers more than $716,000 over the life of the bonds...
Will-County-Public-Works-Transportation-Committee-Meeting-July-1-2025

Access Will County Dial-a-Ride Program Sees Record Growth, Eyes Expansion

Will County's dial-a-ride transportation service for seniors and disabled residents reached record ridership levels while officials plan major expansion to cover all county townships. The Access Will County program served...
Will-County-Capital-Improvements-IT-Committee-Meeting-July-1-2025

Will County to Launch New Public Meeting Agenda System in August Amidst Data Conversion Concerns

Will County is set to launch its new public meeting agenda and records software, Granicus “OneMeeting,” in August, but the transition will see over a decade of historical records converted...
Will-County-Planning-and-Zoning-Commission-Meeting-July-1-2025

Green Garden Township Poised for First Major Subdivision in Years After Rezoning

The Will County Planning and Zoning Commission has recommended a rezoning that could pave the way for the first major residential subdivision in Green Garden Township in nearly two decades....
Will-County-Finance-Committee-Meeting-July-1-2025

County RNG Facility Shows Strong Performance Despite Solar Challenges

Will County's Renewable Natural Gas facility is exceeding production targets while officials explore options to reduce substantial electricity costs that currently impact profitability. Project manager Greg Komperda told Finance Committee...
Meeting-Briefs

PZC Briefs: Solar Farm in Crete, Post-Fire Permit for Troy Business, and More

The Will County Planning and Zoning Commission handled several other cases during its July 1 meeting, including a new solar farm, a temporary permit for a fire-damaged business, and routine...
Meeting-Briefs

In Brief: Capital & IT News

Here are other highlights from the Will County Capital Improvements & IT Committee meeting on Tuesday. Successful Fire Drill at County BuildingThe Will County Office Building held its first full...
Meeting-Briefs

Will County Finance Committee July 1 Meeting Briefs

Bond Refinancing Advances: Finance Committee approved an ordinance authorizing up to $200.8 million in bond refinancing that could save taxpayers more than $716,000. The measure moves to the full County...
Meeting-Briefs

Will County Public Works Committee Juliy 1 Meeting Briefs

ROAD CONTRACTS APPROVED Austin Tyler Construction Contract: The committee approved a $691,544 contract with Austin Tyler Construction for resurfacing River Road from East Frontage Road to Prairie Creek Bridge and...
About Us Website Header - 1

New Lenox Library Board Seats New Trustees, Reorganizes After Election

NEW LENOX – The New Lenox Public Library District Board of Trustees officially seated its newly elected members and reorganized its leadership and committee assignments for the new term at...
New-Lenox-School-122.3

New Lenox D122 Board Approves Nearly $300,000 for Summer Maintenance Projects

The New Lenox School District 122 Board of Education has approved a comprehensive list of 56 maintenance and capital improvement projects to be completed over the summer, allocating a total...
new-lenox-fire-district-stations.3

New Lenox Fire District to Launch Comfort Dog Program for First Responders, Community

NEW LENOX – The New Lenox Fire Protection District is adding a four-legged member to its team after the Board of Trustees unanimously approved the creation of a new comfort...
new-lenox-library.2-1

Library’s ‘Studio’ Draws Record Crowds with New Tech and Creative Programs

NEW LENOX – The New Lenox Public Library’s creative hub, The Studio, is experiencing a surge in popularity, shattering attendance records and successfully launching new technology-driven programs, according to a...
New-Lenox-School-122.5

D122 to Spend $24,950 on Professional Enrollment Forecast

New Lenox School District 122 will hire an outside firm to conduct a comprehensive, 10-year enrollment forecast at an estimated cost of $24,950. The Board of Education approved an agreement...
JJC-Graphic-Logo

JJC Trustees Approve Contentious FY26 Budget After Heated Debate, Failed Postponement

The Joliet Junior College Board of Trustees on Wednesday approved a $322.3 million budget for fiscal year 2026, but not before a tense debate that saw a motion to postpone...