Toyota was quick to pump the brakes on a claim President Donald Trump made this week regarding an alleged promise by the Japanese automaker to invest $10 billion in the U.S.
“We didn’t specifically say that we’ll invest $10 billion over the next few years,” Hiroyuki Ueda, president director, told reporters on Wednesday during the Japan Mobility Show in Tokyo, as first reported by Reuters.
While Ueda stressed that the automaker will continue to invest and create jobs in the U.S. over the next few years, it hasn’t made any explicit promise of an investment of the magnitude Trump referenced—nor, in fact, of any particular amount.
The confusion, it seems, may stem from investments the world’s largest automaker made in U.S. auto plants during Trump’s first administration, which ended in earl

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