Toyota shuts down false Trump claim

Watch Toyota shuts down false Trump claim - Rizzle on Dailymotion

Transcript

00:00Toyota shuts down false Trump claim.

00:03A top Toyota executive has corrected remarks made by President Donald Trump,

00:07who claimed that the automaker had pledged to invest $10 billion in new U.S. auto plants.

00:13While emphasizing Toyota's ongoing commitment to American manufacturing,

00:17the company stated that no specific figure was promised.

00:20Speaking to reporters at the Japan Mobility Show in Tokyo,

00:24Toyota executive Hiroyuki Ueda suggested Trump's number referred

00:28two investments made during his first term in office.

00:32Therefore, we didn't specifically say that we'll invest $10 billion over the next few years.

00:38Ueda said,

00:39Toyota remains committed to continued investment in its U.S. operations,

00:44reflecting our principle to build where we sell and buy where we build, the company statement read.

00:50With nearly $50 billion already invested and 49,000 direct employees across the United States,

00:56this ongoing commitment strengthens our support for American manufacturing,

01:00supply chains, jobs, and customers.

01:03More details will follow soon.

01:05I was just told by the prime minister that Toyota is going to be putting auto plants

01:09all over the United States to the tune of over $10 billion.

01:13Trump said, adding to applause,

01:15go out and buy a Toyota.

01:17And it's because of the November 5th election day,

01:19but it's also because of tariffs.

01:21The New York Times reported that the Trump White House also issued a memo claiming Toyota

01:26would begin exporting cars made in the U.S. to Japan,

01:30though the automaker later clarified it was only considering such a move.