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Toyota Motor President Akio Toyoda announces plans for a $10 billion investment on Monday in Detroit.
Business

Toyota's $10bn US investment seen as nod to Trump

Nissan, Honda not looking to change Mexico production plans

KAZUYUKI OKUDAIRA, Nikkei staff writer | Japan

DETROIT, U.S. -- Toyota Motor will invest $10 billion in the U.S. over five years to produce new models and boost productivity, the company president announced Monday, amid growing pressure from President-elect Donald Trump to create jobs in America. 

President Akio Toyoda spoke to reporters at the North American International Auto Show here, where he unveiled the new Camry sedan. Toyota plans to begin manufacturing the new model in Kentucky by the end of the year. 

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