Toyota expands battery supply with CATL deal

2017 Toyota Prius Prime test drive, Ojai, California, Sep 2016As it gradually moves to begin selling more plug-in and electric cars, Toyota is widening its net to secure more batteries. Japan's largest automaker signed a deal this week to buy batteries from Chinese suppliers Contemporary Amex Technologies (CATL) and BYD. The agreement adds to a January deal Toyota signed to buy batteries from Panasonic. All...

Choice of new BMW CEO solidifies automaker’s electric plans

Incoming BMW CEO Oliver ZipseIn naming its former head of manufacturing, Oliver Zipse, as its new CEO, BMW is doubling down on its strategy of building electric versions of its mainstream cars, rather than a separate line of EVs. Zipse, who will take over August 16, when current CEO Harald Krueger steps down, is credited with developing the new strategy after the company lost...