GM closed its Holden factory in Australia on Friday, ending more than a century of car manufacturing in the country. Hundreds of workers will be left jobless, just weeks after Toyota shut a plant in neighboring Victoria state, where Ford closed two sites last year.
For the fifth year in a row, Toyota and Lexus rank as the top two brands for reliability based on a survey of Consumer Reports subscribers. The rankings of the remaining 25 brands reflect a game of musical chairs, however.
A lack of shovel-ready sites in Illinois and the state's failure to adopt a right-to-work law have helped to sideline the state's bid to land a $1.3 billion assembly plant planned by Toyota and Mazda, a top economic development official says.
Toyota's Lexus brand is evaluating its partnership with film and TV production firm The Weinstein Company after allegations that co-founder Harvey Weinstein sexually harassed or assaulted a number of women for decades.
Toyota and Mazda are pressing for an incentive package of at least $1 billion from U.S. states trying to land their $1.6 billion joint car factory, people familiar with the negotiations told Bloomberg.