Toyota said on Wednesday it will build a new sport utility vehicle at a $1.6 billion joint venture assembly plant in Alabama rather than produce Corolla cars.

Toyota announced last week that it is advancing its existing EV roadmap.

Toyota told U.S. dealers that tariffs on Mexican imports could cost the automaker's major suppliers between $215 million and $1.07 billion.

Toyota is considering a $550 million investment in China's largest ride-hailing company.

Fiat Chrysler pitched a merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker.

The Trump administration said Monday it will drop rules first proposed in 2012 that would have required automakers to install brake-throttle override systems to prevent runaway vehicles.

Toyota AI Ventures, a subsidiary of Toyota Research Institute has a $100 million fund that will focus on investing in robotics and autonomous technology startups.

OEConnection partnered with Toyota to launch a mechanical parts ordering and fulfillment program.

Rich Valenstein has been named group vice president, revenue management and product profitability, for Toyota Motor North America.