Automotive News Daily Drive Nov. 12, 2025 | Toyota’s $10 billion U.S. investment; KPMG’s Lenny LaRocca
Nov 12, 2025
Join Lenny LaRocca, U.S. Automotive Industry Leader at KPMG, as he unravels the complexities of the automotive supply chain and the future of EV investments amidst market volatility. Molly Boygan, a seasoned Automotive News reporter, discusses the U.S.'s heavy reliance on China for rare earth minerals and the daunting task of reviving domestic processing capabilities. Together, they delve into the implications of Toyota's massive $10 billion U.S. investment and the shifting dynamics within the global auto market.
AI Snips
Chapters
Transcript
Episode notes
Toyota's Massive U.S. Bet
- Toyota plans a $10 billion U.S. investment focused on future mobility and manufacturing commitments.
- The funding ties to recent U.S. battery plant production and a yet-unannounced three-row EV program.
Waymo Moves Robotaxis To Highways
- Waymo began fully driverless freeway rides in San Francisco, Phoenix and Los Angeles this week.
- The move expands Bay Area coverage and strengthens Waymo's lead over Tesla's human-driven robotaxi tests.
GM Presses Suppliers To Ditch China
- GM told thousands of suppliers to find alternatives to Chinese-made parts, with some facing a 2027 deadline.
- The effort is framed as a push for supply-chain resiliency amid trade and political risks with China.