

Toyota Motor has denied U.S. President Donald Trump’s claim that the world’s largest carmaker would invest more than $10 billion in the United States over the coming years.
According to the Guardian, during a visit to Japan October 28, Trump claimed he had been told that the carmaker was going to be setting up factories “all over” the U.S. “to the tune of over $10 billion.”
“Go out and buy a Toyota,” added Trump.
But a senior executive at Toyota 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 U.S.
Toyota “didn’t specifically say that we’ll invest $10bn over the next few years”, said the executive, Hiroyuki Ueda, speaking to reporters on the sidelines of the Japan Mobility Show in Tokyo. He added that the topic of investment did not come up when Akio Toyoda, the firm’s chairman, spoke with Trump at a U.S. embassy event on October 28.
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