Toyoda says his successor must have 'unshakable conviction'
Toyoda, 66, has sought to reform the automaker’s corporate culture, spending more time with younger executives, and cutting back some senior positions.
Stellantis prepares for layoffs at suburban Detroit stamping plant
The automaker did not specify the number of employees being laid off but said, in an emailed statement to Reuters, that the decision was made “in order to operate the plant in a more sustainable manner.”
Electric Last Mile's bankruptcy petition shows more than $50 million in liabilities
Once a rising EV star with a $1.4 billion valuation, the company was unable to recover from an abrupt loss of leadership and regulatory troubles on top of a lack of financing and manufacturing capabilities.
Korean truckers end weeklong strike
Striking truckers in South Korea reached an agreement with the government, ending a weeklong strike that added to the global supply chains strain.
50 million U.S. vehicles still subject to recall, Carfax says
New Carfax data shows 50 million U.S. vehicles have an open recall issue that drivers are expected to get repaired.