July 22, 2026 | Toyota stays the course with EVs and hybrids; Penske Automotive Group may go private

Toyota doubles down on its multipath electrification strategy with new electric vehicles and next-generation hybrids. Penske Corp. and Mitsui make a $3.8 billion bid to take Penske Automotive Group private. And American Honda reshuffles its top sales leadership. Plus, an automotive mentor who’s using the power of social media to help dealerships sell more vehicles and connect with today’s car buyers.