
With profits surging after 2024 scandal, Toyota eyes worldwide EV investments
[Jack Aylmer] AS TOYOTA’S PROFITS RECOVER FOLLOWING A SCANDAL LAST YEAR- THE JAPANESE AUTOMAKER IS USING THAT REVENUE TO MAKE INVESTMENTS IN ELECTRIC VEHICLES. INCREASING ITS SPENDING ON NEW EV FACILITIES IN BOTH THE U.S. AND CHINA. IN 2024, TOYOTA APOLOGIZED FOR FRAUDULENT TESTING ON ITS VEHICLES – INCLUDING COLLISION, AIRBAG INFLATION AND ENGINE POWER…