Auto

Toyota to invest $373.8M in five U.S. plants

Toyota Motor Corp said on Tuesday it would invest $373.8 million in five manufacturing plants in the United States to produce its first American-made hybrid powertrain, as it looks to build more vehicles in the market which it sells.

China eyeing rule change that could aid Tesla

Tesla has long dreamed of planting its flag in China, but it now finds itself the only notable auto maker without public plans to manufacture electric vehicles in the world's biggest EV market.