Toyota, Mazda to build $1.6 billion U.S. plant, develop electric cars tech

Mazda and Toyota already have multiple deals and partnerships in place. Toyota helped with the cost of building Mazda's new Mexican plant. In return, they get Mazda2 sedans restyled as the Yaris iA. They are also trading hybrid and SkyActiv tech.

The big news is in Toyota buying 5% of Mazda.
Ford sold off their majority share in Mazda, but they kept about 13%.

 

the really big news is a new u.s. plant, which will bring out the braggadocio from he who must not be named.

 

The weird collateral story from Reuters appears to be that Trump is way excited about building a Japanese company here in the US because it will hopefully create lots of jobs - and yet, the president is apparently tepid in his outright view of supporting Tesla - which builds their product here . I'm sure in large part that's because Elon Musk has been so annoyingly vocal about the global warming Summit.
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Thanks for bringing up Tesla:

Source: AD #2162 – Ford Police Interceptor Exhaust Issues, How Tesla’s Stock Defies Gravity, Roush’s Involvement in Waymo’s Car – Autoline Daily

HOW TESLA STOCK DEFIES GRAVITY

Speaking of Tesla, yesterday we reported on its earnings, pointing out that the company is bleeding red ink and burning through cash. And on that news Tesla’s stock took a nice bounce up, closing at $347 a share. Most people are mystified why the stock seems to defy gravity, even in the face of mounting losses. Here’s our Autoline Insight. Venture capital investors in Silicon Valley tell Autoline that people are looking at the wrong metrics. Don’t look at the bottom line, the VC people tell us, look at the top line. And don’t look at net profits. Look at gross profits instead. And on both those counts, Tesla posted over 100% improvements. That’s the kind of growth that Amazon, Apple and Google posted in their early days. Meanwhile, all traditional automakers are posting anemic single-digit growth. So if you want to know where Tesla is headed in the future, just keep an eye on the top line.​

Makes sense. As for who we choose to associate with:
Elon Musk and Disney boss quit Trump's business panel over Paris pullout | Technology | The Guardian

. . . Dimon’s signature alongside fellow council members Musk and Iger, who joined a total of 30 other business leaders in sending a letter to the president that begins: “We are writing to express our strong support for the United States remaining in the Paris climate agreement.”

“Based on our vast experience doing business all over the world, we believe there is strong potential for negative trade implications if the United States exits from the Paris agreement,” they wrote.​

Bob Wilson

 

that's my take as well. an unstoppable force, with no immovable objects. too much investment to let it fail now, for lack of cash flow.