Do Not Use - AUTO

EU considers help for rare earth magnet production - sources

The EU is working on proposals to jump-start home output of a type of specialist magnet vital in electric car motors by offering support to local producers so they can compete with Chinese rivals, sources close to the situation said.

Toyota pulls Olympic ads from Japan amid COVID-19 concerns

Japan’s top automaker, Toyota, has announced the withdrawal of all Olympic-themed advertisements from airing locally in response to backlash surrounding the rising COVID-19 infection rates as it relates to the Tokoyo Olympics.