Daimler responds to Musk's tweet on EVs

Tesla CEO Elon Musk challenged the size of Daimler's $1 billion investment in its Alabama plant and the German automaker agreed.

Toyota to invest $373.8 million in U.S. hybrid powertrain production

Toyota is pouring $373.8 million into hybrid powertrain production in the United States, developing parts made domestically for the first time.