Automobile manufacturing

November 14, 2019 - 11:50 am
DETROIT (AP) — When it comes to buying a new car, the latest and greatest may not be the most dependable. In its annual auto reliability survey this year, Consumer Reports found that while newly redesigned models have the latest infotainment, safety and fuel-economy technology, they also come with...
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Ferrari Chief Marketing and Commercial Officer, Enrico Galliera, left, and Ferrari design senior vice President, Flavio Manzoni, present the new Ferrari Roma car, in Rome, Thursday, Nov. 14, 2019. Ferrari unveils a new sports coupe aimed at enticing entry-level buyers and competing with the Porsche 911, part of a complete refresh of its model lineup by 2022. (AP Photo/Gregorio Borgia)
November 14, 2019 - 7:39 am
ROME (AP) — Ferrari has unveiled a new sports coupe aimed at enticing new buyers and competing with the Porsche 911, part of an overhaul of its model lineup by 2022. The new Ferrari Roma presented Thursday is the fifth new car launched by the luxury sportscar maker this year, and one of 15 to be...
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FILE- In this March 14, 2019, file photo Tesla CEO Elon Musk speaks before unveiling the Model Y at Tesla's design studio in Hawthorne, Calif. Tesla CEO Elon Musk says the electric car pioneer plans to build a new factory near Berlin. News agency dpa reported that Musk made the announcement during a prizegiving ceremony in the German capital Tuesday evening. (AP Photo/Jae C. Hong, File)
November 13, 2019 - 6:14 am
BERLIN (AP) — Germany on Wednesday hailed Tesla's decision to build its first European factory in the country, days after the government said it would boost subsidies for buyers of electrics cars. Tesla CEO Elon Musk said during an award ceremony in the German capital Tuesday evening that "we've...
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FILE - In this March 14, 2017 file photo Volkswagen cars are lifted inside a delivery tower of the company in Wolfsburg, Germany. Volkswagen says its profits jumped 44% in the third quarter thanks to a more profitable mix of vehicles but warned that global markets are slowing more than expected and lowered its forecast for annual sales. (AP Photo/Michael Sohn, file)
November 12, 2019 - 7:15 am
BERLIN (AP) — German prosecutors say they have charged four current and former personnel managers at Volkswagen over the payment of allegedly excessive salaries and bonuses to members of the automaker's influential employee council. Prosecutors in Braunschweig said Tuesday that the four — two...
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In this July 8, 2019, photo, Honda cars wait to be exported at Yokohama port, near Tokyo. Honda recorded a 6.7% decline in July-September profit as vehicle and motorcycle sales slipped and an unfavorable exchange rate hurt earnings at the Japanese automaker, Honda Motor Co. reported Friday, Nov. 8, 2019. (AP Photo/Koji Sasahara)
November 08, 2019 - 2:40 am
TOKYO (AP) — Honda has become the latest automaker to report weaker earnings as global demand softens. The company said Friday that its profit in the July-September fell 6.7% from a year earlier to 196.5 billion yen ($1.8 billion) as vehicle and motorcycle sales slipped. An unfavorable exchange...
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FILE- In this Nov. 27, 2018, file photo a banner depicting the Chevrolet Cruze model vehicle is displayed at the General Motors' Lordstown plant in Lordstown, Ohio. General Motors is selling the Ohio assembly plant it closed in March to a new company that plans to begin making electric trucks in late 2020. The company called Lordstown Motors Corp. said Thursday, Nov. 7, 2019, that it initially intends to hire 400 production workers but still needs more money from investors. (AP Photo/John Minchillo, File)
November 07, 2019 - 3:53 pm
TOLEDO, Ohio (AP) — General Motors is selling a massive assembly plant it shut down earlier this year in Ohio, a closing that drew threats and scolding from President Donald Trump, to a newly formed company that said Thursday it intends to begin making electric trucks by late 2020. The company...
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November 07, 2019 - 1:42 am
TOKYO (AP) — Japan's top automaker Toyota has seen a 1% rise in July-September profit as vehicle sales grew around the world. Toyota Motor Corp. reported Thursday a profit of 592 billion yen ($5.4 billion) for the second fiscal quarter, up from 585 billion yen last year. Toyota, which makes the...
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November 06, 2019 - 2:47 am
FRANKFURT, Germany (AP) — Automaker BMW reported Wednesday that net profit increased 11.5 percent from a year ago to 1.55 billion euros ($1.72 billion) in the third quarter, helped by a rejuvenated model line and the absence of last year's market disruptions due to troubles with diesel cars...
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FILE - In this March 1, 2019, file photo, drivers Denny Hamlin, left, and Kyle Busch talk in pit lane before qualifying for the NASCAR Cup Series auto race at Las Vegas Motor Speedway in Las Vegas. Hamlin has all the momentum headed into the third round of NASCAR's playoffs, which start Sunday at Martinsville Speedway. But hot on his bumper are his Joe Gibbs Racing teammates, regular season champion Kyle Busch and Martin Truex Jr., who leads the series with six wins this season.(AP Photo/John Locher, File)
November 04, 2019 - 6:55 am
PLANO, Texas (AP) — NASCAR superstar Kyle Busch will enter the prestigious Rolex 24 at Daytona sports car race in conjunction with Lexus and Toyota. Busch will drive the Lexus RC GT3 for AIM Vasser Sullivan, Toyota announced Monday at its annual "Motorsports Day" at its North American headquarters...
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November 04, 2019 - 6:11 am
MILAN (AP) — Ferrari has raised its earnings forecast, citing a robust third-quarter performance including a 9% increase in deliveries. The sportscar maker said Monday that net profit was 169 million euros ($188 million). That was down from 287 million euros a year earlier, when Ferrari benefited...
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