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Toyota is investing $3.6 billion to expand its San Antonio plant and move some Tacoma pickup production from Mexico to Texas. President Trump claimed the move as proof of his trade policy's success.
General Motors reported a 4% drop in Q2 US sales, citing declining demand for electric vehicles and the Silverado pickup truck. Meanwhile, Toyota gains market share with a strong hybrid and EV lineup.
SoftBank briefly overtook Toyota to become Japan's most valuable company, marking a rare moment reminiscent of the dot-com bubble era. The shift was driven by its aggressive AI investments and stock rally.
SoftBank overtakes Toyota to become Japan's most valuable company, driven by its $65 billion OpenAI stake and the country's AI-driven market rally.
