Automobile manufacturing

August 01, 2019 - 10:09 pm
TOKYO (AP) — Toyota has reported a nearly 4% increase in fiscal first quarter profit on improved sales, but the Japanese automaker slightly lowered its full year forecasts because of unfavorable currency exchange rates. Toyota Motor Corp. reported Friday its April-June profit totaled 682.9 billion...
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August 01, 2019 - 10:54 am
NEW YORK (AP) — The latest on developments in financial markets (all times local): 1:37 p.m. Stocks dropped sharply on Wall Street and investors snapped up bonds after President Donald Trump escalated his trade battle with China. The Dow Jones Industrial Average went from a gain of more than 250 to...
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July 31, 2019 - 11:44 pm
FRANKFURT, Germany (AP) — Luxury automaker BMW saw net profit fall 29% to 1.48 billion euros ($1.63 billion) in the second quarter from a year earlier as higher spending to develop new technologies and revamp factories weighed on the bottom line. The company said Thursday vehicles sales and revenue...
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FILE - In this file photo dated Monday, Jan. 14, 2019, Fiat Chrysler's new CEO, Mike Manley at the North American International Auto Show in Detroit, U.S.A.. Manley told analysts Wednesday July 31, 2019, that the logic of the failed tie-up with French carmaker Renault remains in place but repeated that FCA can survive on its own and refused to discuss terms under which merger talks might resume. (AP Photo/Carlos Osorio, FILE)
July 31, 2019 - 8:47 am
MILAN (AP) — Fiat Chrysler Automobiles CEO Mike Manley said Wednesday that the logic of merging with French carmaker Renault remains sound but refused to discuss terms under which talks might resume after a deal that would have reshaped the global auto industry collapsed last month. Manley repeated...
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FILE - In this July 22, 2019, file photo trader William Lawrence works on the floor of the New York Stock Exchange. U.S. stocks moved lower in early trading on Wall Street Monday, July 29, as investors pulled back after pushing stocks to record highs last week. (AP Photo/Richard Drew, File)
July 29, 2019 - 9:15 am
NEW YORK (AP) — U.S. stocks moved lower in midday trading on Wall Street Monday as investors pulled back after pushing stocks to record highs last week. Investors started the week with a cautious approach and are keeping a close watch on the Federal Reserve's policy meeting this week, along with...
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In this July 17, 2019 photo, Denise Anderson and her brother Mike Ford are seen in the a soul food booth they run at the SVRC Marketplace in Saginaw Michigan. Anderson says she hasn't personally seen benefits from the improved economy and she opposes President Donald Trump. Economic conditions in Michigan could be crucial in determining whether Democrats retake a state they once held for decades (AP Photo/Sara Burnett)
July 28, 2019 - 10:13 pm
SAGINAW, Mich. (AP) — A bright mural welcomes people to downtown Saginaw, where a new indoor market opened along the riverfront last year — part of the city's decades-long effort to reinvent itself after the auto industry started leaving. Inside the market, vendors sell falafel, fresh-baked pies...
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FILE - This April 23, 2019 file photo shows gas prices are displayed at a Shell station in Sacramento, Calif. Four major automakers have reached a secret deal with California to increase gas mileage and greenhouse gas emissions standards, bypassing the Trump administration’s plan to freeze standards at 2021 levels, according to two people briefed on the matter. (AP Photo/Rich Pedroncelli, File)
July 25, 2019 - 7:51 am
DETROIT (AP) — Four major automakers have reached a deal with California to increase gas mileage and greenhouse gas emissions standards, bypassing the Trump administration's plan to freeze standards at 2021 levels. Ford, BMW, Honda and Volkswagen are parties to the deal with the California Air...
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FILE - In this Friday, July 19 2019, file photo trader Timothy Nick, left, and specialist Anthony Matesic work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, July 25. (AP Photo/Richard Drew, File)
July 25, 2019 - 7:27 am
NEW YORK (AP) — U.S. stocks moved broadly lower in early trading on Wall Street Thursday after weak earnings from several large companies pulled down the technology sector. The early slump marks a turnaround from Wednesday, when a series of solid earnings reports helped push major indexes to record...
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July 25, 2019 - 12:15 am
FRANKFURT, Germany (AP) — Volkswagen says after-tax profit rose by 24% in the second quarter as the company managed to increase its share in contracting markets, and as more-profitable vehicles took a bigger role in the sales mix. Net profits rose to 4.11 billion euros ($4.58 billion) from 3.31...
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In this July 19, 2019, photo a Tesla vehicle charges at a Tesla Supercharger site in Charlotte, N.C. Tesla, Inc. reports earning on Wednesday, July 24, 2019. (AP Photo/Chuck Burton)
July 24, 2019 - 2:09 pm
SAN FRANCISCO (AP) — Tesla suffered a loss of $408 million during its latest quarter as the company continues to struggle to prove it can make money while producing electric cars at prices that a mass market can afford. The setback announced Wednesday had already been telegraphed by Tesla CEO Elon...
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