Toyota plans to invest $10 billion in US after Trump threat
After President-elect Donald Trump threatened to impose punitive tariffs on Toyota's Mexico-built cars, the carmaker said it plans to invest $10 billion (₹68,000 crore) in US over the next five years. Toyota earlier said it’s made $21.9 billion (₹1.5 lakh crore) in direct investment in US. Trump has pressured companies to refrain from producing goods in Mexico intended for US.