Trump says Toyota plans $10 billion U.S. investment—not exactly, Toyota says

Toyota has publicly refuted President Donald Trump's claim that the Japanese automaker promised to invest $10 billion in the U.S. Toyota executive Hiroyuki Ueda stated that no such specific investment amount was announced. While the company confirmed ongoing investment and job creation in the U.S., they have not committed to a particular sum. The confusion may arise from approximately $10 billion invested in U.S. auto plants during Trump's previous administration. Trump's assertion originated from a speech where he stated Japan's prime minister informed him of Toyota's supposed $10 billion investment. Toyota USA reiterated its commitment to U.S. operations in a statement, highlighting existing investments but without specifying future amounts. The company stated that more details would be revealed soon. Following these reports, Toyota's shares experienced a slight decline. The situation appears to be a misunderstanding or miscommunication regarding Toyota's investment plans.