Japan-based automotive manufacturer Toyota Motor did not explicitly commit to a fresh $10bn investment in the US, reported Reuters, citing a senior company executive.
The announcement comes after US President Donald Trump suggested during a recent visit to Japan that the automaker would consider such spending.
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However, Toyota executive Hiroyuki Ueda said Toyota would continue to invest and create jobs in the US.
On the sidelines of the Japan Mobility Show in Tokyo, Ueda said: “During the first Trump administration, I think the figure was roughly around $10bn, so while we didn’t say the same scale, we did explain that we’ll keep investing and providing employment as before. So, probably because of that context, the figure of about $10bn came up.
“Therefore, we didn’t specifically say that we’ll invest $10bn over the next few years.”
Ueda added that the subject of investment did not arise during a brief exchange between Toyota chairman Akio Toyoda and Trump at a US Embassy event.
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By GlobalDataThe president also met Japan’s prime minister and first female premier, Sanae Takaichi, and signed trade-related deals during the visit.
Separately, Toyota has been reported to plan production of hybrid vehicles in Vietnam from as early as 2027 at its Phu Tho province plant near Hanoi.
The automaker is said to be investing about $360m to expand local capacity, including adding three press machines for shaping steel sheets, increasing the total to four.
Earlier, Toyota Motor reported a 2.8% year-on-year rise in global sales to 949,153 vehicles in September 2025, including its Daihatsu and Hino subsidiaries, driven by a 4.2% increase in overseas sales to 769,028 units, while sales in Japan fell by 2.8% to 180,125 units.
