BREAKING VIDEO : After Trump’s Warning, Toyota Announces Plans to Invest 10 BILLION into U.S.
Chalk up another win for the president-elect?
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, Reuters reported.
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.
On Monday morning, Trump lauded Ford and Fiat Chrysler for their recent announcements in a pair of tweets.
Watch the video:
MORE American jobs news. Not even in office & more corporate investment/job announcements of any incoming pres in history. #PresidentTrump https://t.co/4mSE8mKcZa
— Tracey Theisen, MBA (@TraceyTheisen) January 9, 2017
Amy Moreno is a Published Author, Pug Lover & Game of Thrones Nerd. You can follow her on Twitter here and Facebook here.
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