Trump Claims Toyota Promised $10B Investment in US — But Automaker Says Not So Fast

President Donald Trump proclaimed on Tuesday that Toyota has pledged to invest $10 billion in the U.S., but the Japanese automaker is pumping the brakes.

Trump said at least twice on Tuesday that the automaker would be investing $10 billion to open new factories in several states after he met with “Mr. Toyota” in Japan.

“Yesterday I was with Mr. Toyota in Japan, and he just announced he is going to spend — they are going to spend $10 billion and they are going to build new car plants and they are going to build them in numerous states, about six or seven different states,” Trump said during a speech in South Korea.

But on Wednesday, Toyota said it never promised Trump anything of the sort, according to Reuters.

Hiroyuki Ueda, a Toyota executive, said no pledges were made about an investment of that caliber, but added that the automaker would continue to invest and create jobs in America.

Watch above via Fox Business.