Toyota announces $10 bln investment in US after Trump warning
Japanese carmaker Toyota will invest $10 billion in the United States over the next five years to meet demand and upgrade plants, the company’s North America chief executive Jim Lentz told Reuters on Monday.
Lentz’s remarks came days after President-Elect Donald Trump slammed Toyota on Friday for its plans announced in April 2015 to shift production of its popular Corolla model to a new plant in Mexico starting 2019.
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.