U.S. President Donald Trump took to Twitter to praise Toyota and Mazda for announcing a huge investment for setting up a manufacturing plant in the United States which will create 4000 jobs in America.
"Toyota & Mazda to build a new $1.6B plant here in the U.S.A. and create 4K new American jobs. A great investment in American manufacturing!," Trump tweeted.
Japanese automakers Toyota Motor Corp. and Mazda Motor Corp. said Friday they plan to spend USD 1.6 billion to set up a joint-venture auto manufacturing plant in the U.S. - a move that will create up to 4,000 jobs.
Trump tweeted "....and don't forget that Foxconn will be spending up to 10 billion dollars on a top of the line plant/plants in Wisconsin."
Trump announced that his administration is working hard on tax reductions and economic reforms, also underlining that consumer confidence is at a 16 year high for a good reason.
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In a tweet, Trump said, "Consumer confidence is at a 16 year high....and for good reason. Much more regulation "busting" to come. Working hard on tax cuts & reform!"
Earlier this week, he said the Taiwanese company registered as Hon Hai Precision Industry Ltd. has also informed him "off the record" that the value its project may grow to USD 30 billion.
"West Virginia was incredible last night. Crowds and enthusiasm were beyond, GDP at 3%, wow!Dem Governor became a Republican last night," Trump said on Twitter.
Japanese automakers Toyota Motor Corp. and Mazda Motor Corp.joint-venture auto manufacturing plant will have an annual production capacity of about 300,000 vehicles, and will produce Toyota Corollas for the North American market.
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