Toyota denies promising to invest $10bn in US after Trump announcement [View all]

Source: the guardian



The US president claimed he had been told the carmaker was going to be setting up factories ‘all over’ the US

Guardian staff and agencies Wed 29 Oct 2025 10.16 EDT


The Japanese auto giant Toyota Motor has denied Donald Trump’s suggestion that it is poised to invest more than $10bn in the United States over the coming years.

On a visit to Japan earlier this week, the US president claimed he had been told that the carmaker was going to be setting up factories “all over” the US “to the tune of over $10bn”.

“Go out and buy a Toyota,” added Trump.

But a senior executive at Toyota – the world’s largest automaker – said that no such explicit promise of investment at that level had been made, although Toyota plans to invest and create new jobs in the US.

The firm held talks with Japanese and American officials ahead of Trump’s visit.

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Read more: https://www.theguardian.com/business/2025/oct/29/toyota-trump-us-investment-claims