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The Guardian - US
The Guardian - US
Business
Guardian staff and agencies

Toyota denies promising to invest $10bn in US after Trump announcement

people walking in front of a sign
People walk past the logo of Toyota during the press day of the Japan Mobility Show in Tokyo on Wednesday. Photograph: Philip Fong/AFP/Getty Images

The Japanese auto giant Toyota Motor has denied Donald Trump’s suggestion that it is poised to invest more than $10bn in the United States over the coming years.

On a visit to Japan earlier this week, the US president claimed he had been told that the carmaker was going to be setting up factories “all over” the US “to the tune of over $10bn”.

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