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As Trump Says 'Buy A Toyota,' Japanese Automaker Denies Promising New $10 Billion Investment In US - Toyota Motor (NYSE:TM)
Benzinga· 2025-10-29 09:39
Group 1 - Toyota Motor Corp denied making a promise for a new $10 billion investment in the U.S. following a meeting between President Trump and Japanese Prime Minister Takaichi [1][2] - A Toyota executive clarified that the company "didn't specifically say" it would invest $10 billion in the U.S. over the next few years, referencing a similar figure discussed during Trump's first administration [2] - President Trump encouraged U.S. troops in Japan to "buy a Toyota," linking this to a potential $10 billion investment for establishing auto plants in the U.S. [2] Group 2 - Toyota reported a production growth of 11.1% in September, driven by strong demand for hybrid models in the U.S., marking the fourth consecutive month of production increase [3] - The company sold over 185,748 units in the U.S. during September, with U.S. sales growing 13.6% in August, indicating a trend of consistent growth [3] - Toyota's performance metrics indicate satisfactory momentum, scoring well across Value, Growth, and Quality metrics, with a favorable price trend in the short, medium, and long terms [4]
Toyota says it did not explicitly promise Trump new $10 billion investment in US
Reuters· 2025-10-29 02:06
Core Points - Toyota Motor did not make a definitive commitment to a new $10 billion investment in the United States, as clarified by a senior executive [1] - This statement comes in the context of President Donald Trump's remarks regarding investment in the U.S. automotive sector [1] Company Summary - The clarification from Toyota indicates a cautious approach to investment announcements, reflecting the company's strategy in navigating political and economic pressures [1] - The lack of a concrete investment promise may impact market perceptions and investor confidence in Toyota's future plans in the U.S. [1]
Aramco and Yokogawa Achieve a Major Milestone with Commissioning of Multiple Autonomous Control AI Agents at Major Gas Facility
Businesswire· 2025-10-29 02:00
Core Insights - Yokogawa Electric Corporation has successfully deployed multiple autonomous control AI agents at Aramco's Fadhili Gas Plant, marking a significant advancement in industrial AI solutions aimed at optimizing operational efficiency [1][4]. Technology Implementation - The AI solution utilizes multiple coordinated AI agents based on the Factorial Kernel Dynamic Policy Programming (FKDPP) reinforcement learning algorithm to autonomously control and optimize acid gas removal operations [2][6]. - The deployment was executed in three phases, progressively optimizing different sections until achieving autonomous control of the core process in the acid gas removal unit [3]. Performance Outcomes - Initial results from the Fadhili Gas Plant indicate a reduction of 10% to 15% in amine and steam usage, approximately 5% reduction in power usage, improved process stability, and a notable decrease in manual operator intervention despite changes in ambient conditions [4]. Strategic Vision - Aramco's senior leadership emphasizes the company's commitment to leveraging industrial AI applications to enhance efficiency, sustainability, and shareholder value, positioning itself as a technology leader in the energy sector [5]. - Yokogawa's leadership expresses pride in being entrusted with this groundbreaking technology and highlights the transition from industrial automation to industrial autonomy as a key focus for future developments [5][6].
President Trump attends dinner with business leaders in Japan
CNBC Television· 2025-10-28 16:30
Let's turn to Washington this morning. The president continues his trip in Asia and being flanked by some pretty high-profile tech executives. Our Aean Jabber is in DC watching that.Morning, Aean. >> Yeah, some big names there, Carl. That's right.President Trump spoke to a group of business leaders in Tokyo this morning. It included Apple's Tim Cook, SoftBank CEO Masiohi Son, Salesforce CEO Mark Beni off, and others. The president lauded the great partnership that he sees between the United States and Japan ...
X @The Wall Street Journal
President Trump said Japanese auto giant Toyota is poised to invest $10 billion in auto plants in the U.S., coming as Tokyo released some details about the over half a trillion dollars it has pledged to invest in America as part of a trade deal https://t.co/jicVcOrx14 ...
X @Avalanche🔺
Avalanche🔺· 2025-10-28 12:45
RT 仮想戦士ロイ🔺 (@RoiSarak)Japan's 🇯🇵 $2 trillion payments processer TIS just launched it's multi-tokenization platform on Avalanche.So who are TIS?They are a major payment processor handling- 85% of all branded debit cards- 50% of credit card transactions- also a major financial system IntegratorWhat are they bringing to Avalanche?TIS has been working on Avalanche since 2024 June for- Tokenization of Japanese government bonds- Toyota's Mobility Orchestration Network tech paper- SMBC Stablecoin business partners ...
Toyota pledges $10B toward new auto plants in US: ‘Go out and buy a Toyota,' Trump says
New York Post· 2025-10-28 11:49
TOKYO — President Trump announced Toyota has promised $10 billion in investments toward new manufacturing plants in the US — urging people to “go out and buy a Toyota” in a wide-ranging speech to sailors aboard the USS George Washington Tuesday in Tokyo Bay.Trump, who is making trade and economic deals a top goal of his three-nation regional tour, said that Japanese Prime Minister Sanae Takaichi told him earlier in the day that the world’s largest car company would pour funds into American manufacturing pla ...
Toyota Records 4th Straight Month Of Production Growth Amid Strong US Demand - Toyota Motor (NYSE:TM)
Benzinga· 2025-10-27 11:04
Toyota Motor Corp (NYSE:TM), the world's largest automaker, announced a growth in its production figures for the fourth-straight month in September on the back of strong U.S. demand.Check out the current price of TM here.Production Grew 11.1% In SeptemberAccording to production and sales data released by the automaker on Monday, Toyota produced 918,146 vehicles worldwide, up 11.1%. Production in the U.S. also jumped 28.5% due to a strong demand of Hybrid vehicles in the region. Sales for electrified vehicle ...
Porsche’s operating profit plunges 99% as CFO manages EV reset: Trial Balance
Yahoo Finance· 2025-10-27 10:00
This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter. The Trial Balance is CFO.com’s weekly preview of stories, stats and events to help you prepare. Part 1 — Porsche’s role in the auto industry’s EV reset Porsche finance leadership is currently steering through one of its toughest years as the company, and, like many of its competitors, is reversing course on its EV strategy. After making a massive EV push, Porsche is facing w ...