Toyota Motor, has unveiled its plans to invest billions of dollars in the United States just days after President-elect Donald Trump tweeted that foreign companies should make products in the U.S. or brace themselves for a big border tax.
The Japanese auto giant says it will spend ten billion dollars in U.S. capital investments over the next five years, which amounts to the automaker's investments during the previous five years.
Toyota's North America Chief Executive Jim Lentz said Monday the decision was not in response to Trump's recent tweets, but was part of Toyota's business strategy to invest in the United States, where it has ten plants in eight states.
Toyota has come under fire from President-elect Donald Trump for its plans to shift the production of its Corolla to Mexico.
Korean companies such as Samsung and LG are also exploring the possibility of building plants in the U.S.