Toyota has denied making a promise to invest over $10 billion in the US, contradicting President Trump's claim that he was told about such a significant investment plan.
According to Hiroyuki Ueda, a senior executive at Toyota, while the firm does plan to continue investing and creating jobs in the US, no explicit commitment of $10 billion had been made during his recent visit to Japan. The figure, however, may have been mentioned as part of broader investment talks, according to Ueda.
Ueda clarified that when Akio Toyoda, the chairman of Toyota, met with Trump at a US embassy event, the topic of investment did not come up.
The comments came after President Trump made a statement during his visit, saying, "Go out and buy a Toyota," as well as making an announcement about rare earths. Trump also welcomed Japan's new prime minister Sanae Takaichi's pledge to accelerate her country's military buildup.
Meanwhile, the two leaders signed agreements on trade and rare earths, with Takaichi promising a "golden age" in relations between their countries and a significantly strengthened defense posture. The deals include an outline for securing the mining and processing of rare earths and other minerals.
Toyota did not specifically confirm plans to invest $10 billion over the next few years, despite Trump's claim that he was informed about such a significant investment plan.
According to Hiroyuki Ueda, a senior executive at Toyota, while the firm does plan to continue investing and creating jobs in the US, no explicit commitment of $10 billion had been made during his recent visit to Japan. The figure, however, may have been mentioned as part of broader investment talks, according to Ueda.
Ueda clarified that when Akio Toyoda, the chairman of Toyota, met with Trump at a US embassy event, the topic of investment did not come up.
The comments came after President Trump made a statement during his visit, saying, "Go out and buy a Toyota," as well as making an announcement about rare earths. Trump also welcomed Japan's new prime minister Sanae Takaichi's pledge to accelerate her country's military buildup.
Meanwhile, the two leaders signed agreements on trade and rare earths, with Takaichi promising a "golden age" in relations between their countries and a significantly strengthened defense posture. The deals include an outline for securing the mining and processing of rare earths and other minerals.
Toyota did not specifically confirm plans to invest $10 billion over the next few years, despite Trump's claim that he was informed about such a significant investment plan.
I'm so confused here... like, Donald Trump is making this huge deal out of Toyota investing 10 billion dollars or whatever but apparently its not even true? 
It's just that one guy (Hiroyuki Ueda) talking and he says maybe the 10 billion might've been mentioned in broader talks 
idk. And honestly, why did Trump make such a big deal out of it anyway? 
meanwhile we got this whole thing about rare earths and japan trying to boost their military lol what's good with these deals tho? 
. I get it, they want to invest and create jobs, but come on, be honest about the numbers 
. Trump's just trying to hype up the economy and get votes, but it's not fair to Toyota or the American people 
. They should've stuck to the facts instead of throwing out a big number without checking if it was even true 
. I'm all for US-Japan relations being good and all that, but let's just be real here 
. Can't we have a straight conversation about investments and growth without all the drama? 
. It's just another example of how Trump thinks he can just make up whatever he wants and get away with it.
, if you ask me.
. And Trump's all happy about buying a Toyota... yeah good luck with that 
. It's always better to fact-check before sharing or believing some juicy news 
.
Guess his visit was all about boosting sales! 
Toyota's just playin' both sides against each other, know what I mean? On one hand, they're all like "Hey, we love America and wanna invest some cash" but on the other hand, it's like "Nope, not a single penny mentioned"... 
Either way, I'm glad to see Toyota still investing in the US, even if it's not as massive as some people are making it out to be 
it sounds like its gonna be a good thing for both countries 
and stuff, but now we gotta wait and see what Toyota actually plans to do 
. I guess that's just the way these big announcements go 
. At least they're talking about making rare earths more accessible 
. We'll see what happens next 