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As Trump Says 'Buy A Toyota,' Japanese Automaker Denies Promising New $10 Billion Investment In US
Yahoo Financeยท 2025-10-30 02:31
Group 1 - Toyota Motor Corp denied making a commitment to a new $10 billion investment in the U.S. following a meeting between President Trump and Japanese Prime Minister Takaichi [1][2] - Toyota executive Hiroyuki Ueda clarified that the company "didn't specifically say" it would invest $10 billion, referencing a similar figure discussed during Trump's first administration [2] - President Trump encouraged U.S. troops in Japan to "buy a Toyota," linking it to the potential investment and the establishment of 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. [3] - The company sold over 185,748 units in the U.S. during September, marking the fourth consecutive month of production growth [3] - Toyota had previously announced eight consecutive months of growth in U.S. sales, which increased by 13.6% in August [3]