Toyota Pledges $10B Toward New Auto Plants in US

President Trump announced Toyota has promised $10 billion in investments toward new manufacturing plants in the US — urging people to “go out and buy a Toyota” in a wide-ranging speech to sailors aboard the USS George Washington Tuesday in Tokyo Bay.

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Trump, who is making trade and economic deals a top goal of his three-nation regional tour, said that Japanese Prime Minister Sanae Takaichi told him earlier in the day that the world’s largest car company would pour funds into American manufacturing plants.

“I was just told by the prime minister that Toyota is going to be putting auto plants all over the United States to the tune of $10 billion. So that’s Toyota — so go out and buy a Toyota,” Trump said aboard the 4.5-acre nuclear-powered ship.

The president on Monday applauded Takaichi for floating a purchase of Ford F-150 pickup trucks for official use and was joined by the prime minister aboard the ship, calling her to the lectern to deliver remarks and wrapping his arm around her.

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