Toyota

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.

Toyota to build $1.29B battery manufacturing plant in North Carolina

Toyota Battery Manufacturing North America will have four production lines, each capable of delivering enough lithium-ion batteries for 200,000 hybrid and electric vehicles. The automaker plans to expand the facility to at least six production lines to produce enough battery packs for up to 1.2 million vehicles per year.

Toyota lifts annual profit outlook on a weaker yen

Japan's Toyota Motor Corp raised its profit outlook on Thursday helped by favorable currency rates but warned that the global semiconductor shortage still posed risks to its full-year production plans.