Automobile manufacturing

Visitors walk through a Toyota showroom in Tokyo, Wednesday, May 8, 2019. Japan's top automaker Toyota is reporting a 4% dip in profit for January-March after vehicle sales fell in North America. (AP Photo/Koji Sasahara)
May 07, 2019 - 11:17 pm
TOKYO (AP) — Japan's top automaker Toyota said Wednesday its profit for January-March fell 4% as vehicle sales lagged in North America. Toyota Motor Corp. recorded a quarterly profit of 459.5 billion yen, or $4.2 billion, down from 480.8 billion yen in the same period the previous year. Quarterly...
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FILE - In this Jan. 16, 2019, file photo, Cruise AV, General Motor's autonomous electric Bolt EV is displayed in Detroit. A group of institutional investors is sinking $1.15 billion into GM Cruise LLC, the autonomous vehicle unit of General Motors. GM announced the investment from a group led by T. Rowe Price on Tuesday, May 7, and said it included money from GM, Honda and Japanese tech investment firm SoftBank. (AP Photo/Paul Sancya, File)
May 07, 2019 - 8:07 am
DETROIT (AP) — A group of institutional investors is sinking $1.15 billion into GM Cruise LLC, the autonomous vehicle unit of General Motors. Cruise announced the investment from a group led by T. Rowe Price on Tuesday and said it included money from GM, Honda and Japanese tech investment firm...
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May 06, 2019 - 11:39 pm
FRANKFURT, Germany (AP) — German automaker BMW says its profits fell 74 percent in the first quarter as earnings were hit by a 1.4 billion-euro ($1.6 billion) set-aside for an expected anti-trust penalty from the European Commission and by higher up-front costs for new technology and factories. Net...
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May 03, 2019 - 4:28 am
MILAN (AP) — Carmaker Fiat Chrysler Automobiles has reported a 47% drop in profits for the first quarter of 2019 due to production shifts. The company said Friday that its profit of 508 million euros ($566.5 million) was down from 951 million euros in the same quarter a year earlier, while net...
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May 01, 2019 - 10:55 pm
FRANKFURT, Germany (AP) — German automaker Volkswagen saw operating profit slip in the first quarter as the company set aside 1 billion euros for legal issues but reaffirmed its profit goals for the year and saw better profits at its core brand. The company said Thursday that operating profit fell...
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FILE- In this Feb. 26, 2019 file photo, Jeep vehicles are parked outside the Jefferson North Assembly Plant in Detroit. When Fiat Chrysler began considering where to build its next assembly plant, the automaker didn't have far to look for land. A short walk from its Jefferson North plant on Detroit's east side is 200 acres of land the company is eyeing as part of its $1.6 billion investment to convert an engine complex into a new facility. Decades of residential flight, disinvestment and abandonment have left the Motor City with stretches of available real estate which are appealing to some developers. (AP Photo/Carlos Osorio)
April 28, 2019 - 7:13 am
DETROIT (AP) — When Fiat Chrysler began considering where to build its next assembly plant, the automaker didn't have to look far to find land. A short walk from its Jefferson North plant on Detroit's east side is 200 acres (80 hectares) of land the company is eyeing as part of a $1.6 billion...
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April 26, 2019 - 1:48 am
LONDON (AP) — German carmaker Daimler endured a weak start to the year, echoing troubles at other major manufacturers, as sales in the big Chinese market stuttered. The company said Friday that its net income fell to 2.1 billion euros ($2.3 billion) in the first quarter from 2.3 billion euros...
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FILE - In this April 24, 2019, file photo, North Korean leader Kim Jong Un's limousine is seen at a railway station in Vladivostok, Russia. German automaker Daimler, which makes armored limousines used by North Korean leader Kim Jong Un, says it has no idea where he got them and has no business dealings with the North. (AP Photo/Alexander Khitrov, File)
April 25, 2019 - 10:05 pm
TOKYO (AP) — German automaker Daimler, which makes armored limousines used by North Korean leader Kim Jong Un, says it has no idea where he got them and has no business dealings with the North. Kim has raised eyebrows by using Daimler-branded stretch limousines at several very high-profile summits...
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FILE- In this March 14, 2019, file photo the Tesla Model Y is unveiled at Tesla's design studio in Hawthorne, Calif. Tesla, Inc. reports earnings Wednesday, April 24. (AP Photo/Jae C. Hong, File)
April 24, 2019 - 4:55 pm
SAN FRANCISCO (AP) — Tesla CEO Elon Musk had prepped Wall Street for a first quarter loss but analysts were still stunned by its size: $702.1 million, among the company's worst quarters in the past two years. The net loss was more than double what analysts had predicted as Tesla's sales slumped 31...
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April 24, 2019 - 5:43 am
DETROIT (AP) — Ford is sinking a half-billion dollars into electric vehicle startup Rivian in a deal that has the companies working together on a new Ford electric vehicle based on Rivian underpinnings. Ford will become a minority partner in Rivian, which is based outside of Detroit and recently...
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