Toyota says it did not explicitly promise Trump new $10 billion investment in US ReutersOctober 28, 2025 at 10:06 PM 1 FILE PHOTO: Toyota Motor Corp's logo is pictured at its dealership in Tokyo, Japan April 3, 2025.
- - Toyota says it did not explicitly promise Trump new $10 billion investment in US
ReutersOctober 28, 2025 at 10:06 PM
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FILE PHOTO: Toyota Motor Corp's logo is pictured at its dealership in Tokyo, Japan April 3, 2025. REUTERS/Kim Kyung-Hoon/File Photo
TOKYO (Reuters) -Japan's Toyota Motor 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 executive Hiroyuki Ueda said no such explicit promise was made about an investment of that size, adding that Toyota 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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