TOKYO—Engineers at Toyota’s Lexus division have unveiled a Hoverboard, a wheel-free skateboard that operates based on magnetic levitation.

FLINT, MI—GM will invest $877 million to set up a new body shop at its assembly plant here, its oldest North American factory.

VICTORIA, TX—Caterpillar will move its vocational truck manufacturing operation from Mexico to its assembly plant here. The move will bring 200 new jobs to the facility.

WASHINGTON—A bipartisan group of lawmakers in the U.S. Congress is proposing legislation that would designate 25 manufacturing universities across the country and provide each with $20 million over four years. The designated universities would be expected to invest the funds in creating advanced manufacturing engineering programs, strengthening partnerships with manufacturers, and enabling more manufacturing entrepreneurship.

HUNTSVILLE, AL—Toyota Motor Corp. is considering a plan to manufacture transmissions at its engine assembly plant here.

BEREA, OH—Standby Screw Machine Products Co. here is using two collaborative robots for packaging, machine tending and other operations.

WASHINGTON—The National Highway Traffic Safety Administration has fined Fiat Chrysler a record $90 million for lapses in recalls of its vehicles.

BERLIN—Volkswagen has for the first time edged past Toyota as the world’s No. 1 automaker during the first half of 2015. VW sold 5.04 million units from January to June, while Toyota’s count during the same period was 5.02 million.

AGUASCALIENTES, Mexico—Five years after announcing their strategic collaboration, Daimler and the Renault-Nissan Alliance are expanding its scope with the start of a manufacturing joint venture here. The automakers will invest $1 billion in the assembly plant, which produce compact cars for the Mercedes-Benz and Infiniti brands.

LA VERGNE, TN—American Standard Brands will establish a new manufacturing and distribution facility here. The manufacturer of bathroom and kitchen fixtures will invest $22 million and create approximately 600 new jobs with the project.