Toyota invests $531 million in Texas to produce axles in-house
Toyota will construct a 500,000-square-foot building and add 400 jobs to its complex near San Antonio that produces Tundra and Sequoia to make “drivetrain parts.”
CarMax's Q1 net income falls 33% to $152 million, revenue slips 7.5%
The company said it retailed 211,132 used vehicles in its fiscal first quarter, down 3.1 percent. Same-store used-vehicle retail sales fell 3.8 percent.
Welcome to the drought: Off-lease vehicle pool is about to dry up
Lease turn-ins are a valuable tool for dealers and automakers to control inventory levels. But the 2021 leasing collapse is about to shrink the pool sharply.
China's BYD says Mexico EV plant will employ 10,000 workers
The EV giant is in final negotiations for the location of the factory, with an official announcement expected in the coming months.
Column: EV buyers' remorse is a telling moment in economic history
More likely a blip than a pivot, McKinsey’s survey highlights need for affordable models that automakers are developing.