Toyota announces $10 billion U.S. investment days after Trump warning

According to Reuters, Toyota is set to make a $10 billion capital investment in the U.S. over the next five years, Toyota Motor North America chief executive Jim Lentz said during an interview at the Detroit auto show.

The $10 billion figure matches Toyota’s investments from the previous five years.

The move follows similar commitments to U.S. production made by competitors Ford and Fiat Chrysler.

Donald Trump on Thursday specifically targeted Toyota in a tweet.

“Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax,” Trump tweeted.

Fox News

On Monday morning, Trump lauded Ford and Fiat Chrysler for their recent announcements in a pair of tweets.

“It’s finally happening – Fiat Chrysler just announced plans to invest $1BILLION in Michigan and Ohio plants, adding 2000 jobs. This after Ford said last week that it will expand in Michigan and U.S. instead of building a BILLION dollar plant in Mexico. Thank you Ford & Fiat C!” he tweeted.

Fox News

Advertisements

1 Comment

  1. janice

    Sound’s Good For All American’s! JOB’S, JOB’S, JOB’S!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: