Toyota Motors said it will invest an additional $10bn into the US over the next five years, weeks after President Donald Trump visited Japan where he was presented with an array of spending pledges.
The announcement on Thursday coincided with Toyota’s opening of a battery plant in North Carolina, which it said marked an investment of “nearly $14bn and the creation of up to 5,100 new jobs”.
Toyota’s pledge follows Trump’s trip in late October when he and Japanese Prime Minister Sanae Takaichi spoke of bringing the security alliance between the two countries into a “new golden age”.
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