Afternoon Coffee: Toyota Expands Production in China and Mexico, Telsa Delivers More Electric Cars in Q1


Toyota Motor Corp. will invest about $1.25 billion to build production plants in China and Mexico, which are expected to open in 2018 or 2019. This is the first major investment in a factory the automaker has made since 2012.

Electric car maker Telsa delivered 10,030 vehicles during the first quarter of the year - a 55% jump from the year before. The company hopes to deliver 55,000 cars total this year.

Walmart’s CEO Greg Foran has plans for the retailer to improve by the 2015 holiday season. Goals include moving inventory to shelves in a more timely manner and selling soon-to-expire foods at a faster rate.

US employers added 126,000 jobs in March – lower than expected. The jobs data from the Bureau of Labor Statistics is the weakest since December 2013.

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