Oliver Blume, Porsche CEO, is in the news as automakers face profit hits from US tariffs, highlighting his role in steering one of Germany’s top car brands.
Toyota announced a $1 billion investment to expand hybrid vehicle production across the US, creating 252 jobs. The move aligns with its strategy to focus on hybrids amid shifting EV demand and tariffs, with plans to increase manufacturing in several states and produce hybrid engines and vehicles.