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As Trump Says 'Buy A Toyota,' Japanese Automaker Denies Promising New $10 Billion Investment In US - Toyota Motor (NYSE:TM)
Benzingaยท 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]