Toyota steps in, spends $1.5B for Michigan battery factory with LG

2025 Toyota 4RunnerToyota plans to shift a $1.5 billion order to an LG Energy Solution battery factory in Michigan to help keep it afloat after General Motors backed out of the project, Automotive News reported Wednesday. Located in the state capital of Lansing, the plant started out as a joint venture between GM and LG. But in December GM said it was selling its...