Automotive
Toyota to recall 112,500 U.S. vehicles on possible safety issues
Toyota Motor Corp's (7203.T) U.S. arm said it was recalling about 112,500 vehicles due to possible safety issues. The recall affects about 110,000 Camry, Camry Hybrid, Highlander and Highlander Hybrid vehicles of model year 2015, RAV4 vehicles of model year 2014-2015, and 2,500 RAV4 EV vehicles of model year 2012-2014, the company said on Wednesday.
VW to spend $1 billion on Mexico assembly plant expansion for Tiguan
German carmaker Volkswagen will invest about $1 billion to expand its vehicle assembly plant in Mexico's Puebla state and prepare it for production of the new Tiguan compact crossover SUV, the company said on Monday.
Tesla shedding jobs in China as sales target missed
High-end electric vehicle maker Tesla Motors Inc (TSLA.O) on Monday said it is cutting jobs in China under a restructuring plan launched earlier this year, after missing a sales target in the world's biggest car market.
GM plans $5 billion share buyback, agrees deal to avert proxy fight
General Motors Co. said Monday it would launch a new, $5 billion share buyback, and put forward a more detailed plan for capital allocation that promises investors the potential for further cash returns.