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Trump Takes Credit for Planned $1.33 Billion Toyota Spending

  • Kentucky factory investment paves way for redesigned Camry
  • Trump cut off CEO last month to demand new plants in U.S.
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Toyota Pleased by Trump Comment on $1.33Bln Investment

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President Donald Trump took credit for Toyota Motor Corp. investing $1.33 billion in an existing U.S. factory, championing spending by a Japanese automaker he’s blasted for building a plant in Mexico.

The outlays in Georgetown, Kentucky, aren’t new -- they’ve been in the works for years. But the way they’re being marketed is. Instead of emphasizing cost efficiency, Toyota is highlighting ample spending and the previously announced addition of 700 jobs. The president has taken notice.