Announcement Toyota: Toyota and Officer Head

announcement toyota: That was on top of an earlier 10 billion pledge Toyota made shortly before U.S. President Donald Trump took office. ; We view it as a tremendous vote of confidence in Texas and San Antonio and the truck market in the U.S., Christopher Reynolds, the chief administrative officer and head of manufacturing for Toyota in North America, said in a Bloomberg Television interview, according to The Japan Times. The spending is part of Toyota's multidecade production-localization drive, but also reflects a strategy to convince Trump not to follow through on tariffs of as much as 25 percent on imported vehicles and parts. The announcement Toyota is plugging 391 million into its San Antonio truck factory comes six months after the automaker pledged to shell out an additional 3 billion on its U.S. operations by 2021, a move seen as an effort to head off threatened U.S. tariffs on vehicles imported from Japan. The carmaker has publicly pushed back on the administration's claim that foreign automakers pose a national security risk to the U.S. Following a monthslong probe, the administration in May cleared the way for tariffs on imported cars and components. Trump on Monday said the U.S. will reach an initial trade deal with Japan in the coming weeks, but made no mention of his threat of duties on 50 billion worth of Japanese autos. But the White House has put off imposing them while it pursues trade deals with Japan and the European Union. (news.financializer.com). As reported in the news.