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Toyota Motor Corp’s next chief executive, Koji Sato, is calling for an “EV-first mindset” for the Japanese automaker.
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Dealers worry that continued increases will cut demand, raise stocking costs.
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Report suggests middle-class norm becoming harder to achieve.
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Sales bump shaves supplies, especially in compact, midsize segments.
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Hits 2 ½-year low. Subprime, negative-equity shares fall.
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Expanded plant to support production of more than a million EVs a year.
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Stake would give it access to one of world’s biggest stores of key EV battery element.
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Volkswagen AG reported its cash flow fell short of expectations as supply chain snags led to higher unsold inventory at year’s end.
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