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Toyota says it did not explicitly promise Trump new $10 billion investment in US
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Toyota says it did not explicitly promise Trump new $10 billion investment in US
Oct 28, 2025 7:23 PM

TOKYO, Oct 29 (Reuters) - Japan's Toyota Motor ( TM )

did not explicitly promise a new $10 billion investment in the

United States, a senior executive from the Japanese automaker

said on Wednesday, a day after President Donald Trump mentioned

a potential investment of that size.

Speaking during his visit to Japan on Tuesday evening, Trump

said the automaker would be looking to invest around $10 billion

in the United States.

However, Toyota ( TM ) executive Hiroyuki Ueda said no such

explicit promise was made about an investment of that size,

adding that Toyota ( TM ) would continue to invest and create jobs in

America.

Ueda was speaking to reporters on the sidelines of the Japan

Mobility Show in Tokyo.

(Reporting by Daniel Leussink and Maki Shiraki; Writing by

David Dolan; Editing by Muralikumar Anantharaman)

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