Auto

Toyota to build record 800,000 vehicles in January

Toyota said it plans to produce 800,000 vehicles in January, which would be an all-time record for the month. The automaker has secured a supply of semiconductor chips to return to near full production.

GM plans more than $3B for electric-vehicle projects in Michigan

General Motors Co. plans to invest more than $3 billion to make electric vehicles in Michigan, people familiar with the matter said, a potential win for the car maker’s home state after recent commitments of auto projects to Southern states.