Automobile manufacturing

August 02, 2019 - 12:09 am
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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FILE - In this July 16, 2019, file photo Chief Executive Officer Mary Barra speaks during the opening of contract talks with the United Auto Workers in Detroit. General Motors reports financial results Thursday, Aug. 1. (AP Photo/Paul Sancya, File)
August 01, 2019 - 10:41 am
DETROIT (AP) — General Motors said Thursday that higher prices for popular pickup trucks and SUVs helped overcome slowing global sales and profit rose by 1% in the second quarter. The Detroit automaker said it made $2.42 billion, or $1.66 per share, from April through June. Adjusting for...
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August 01, 2019 - 1:44 am
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 - 10:47 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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In this July 17, 2019 photo, Mike Wilson, who runs Curveball Sportscards and Collectibles at the SVRC Marketplace in downtown Saginaw, Michigan works in his store. He supports President Donald Trump and credits him for a good economy. Economic conditions in Michigan could be crucial in determining whether Democrats retake a state they once held for decades (AP Photo/Sara Burnett)
July 29, 2019 - 6:16 am
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 - 2:57 pm
DETROIT (AP) — Four major automakers have reached a deal with California to toughen standards for gas mileage and greenhouse gas emissions, bypassing the Trump administration's push to relax mileage standards nationwide instead. Ford, BMW, Honda and Volkswagen signed the deal with the California...
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July 25, 2019 - 2:15 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 - 7:03 pm
SAN FRANCISCO (AP) — Tesla lost $408 million in its latest quarter as it struggles to prove it can make money selling electric cars at mass-market prices. The setback announced Wednesday had already been telegraphed by Tesla CEO Elon Musk. Still, it underscored Tesla's ongoing challenges and helps...
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FILE - In this Tuesday, Oct. 2, 2018 file photo, Ola Kallenius, member of the Board of Management of Daimler AG. Group Research & Mercedes-Benz Cars Development, speaks to the media during a media preview at the Auto show in Paris. Daimler AG, the maker of Mercedes-Benz luxury cars, says it lost 1.2 billion euros ($1.3 billion) in the second quarter as the company booked 4.2 billion euros in one-time charges for troubles with diesel vehicles and air bag recalls. The quarterly loss reported Wednesday was the company's first since 2009 and a bumpy start for new CEO Ola Kallenius, who took over from Dieter Zetsche on May 22 and since then has had to issue two profit warnings. (AP Photo/Thibault Camus, File)
July 24, 2019 - 4:21 am
FRANKFURT, Germany (AP) — Daimler AG, the maker of Mercedes-Benz luxury cars, says it lost 1.2 billion euros ($1.3 billion) in the second quarter as the company booked 4.2 billion euros in one-time charges for troubles with diesel vehicles and air bag recalls. The quarterly loss reported Wednesday...
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FILE - In this file photo dated Wednesday, April 3, 2019, a worker wipes a logo of a car at the Mercedes Benz automobile assembly plant outside Moscow, Russia. German automaker Daimler expects pretax profits this year to be significantly lower than 2018, after setting aside more money to tackle the fallout from its diesel emissions problems and an airbag recall.(AP Photo/Pavel Golovkin, FILE)
July 23, 2019 - 5:26 am
FRANKFURT, Germany (AP) — Automaker Daimler says its Chinese partner BAIC Group has taken a 5% equity stake, a move Daimler said reinforces the cooperation between the two companies. Daimler, maker of Mercedes-Benz cars, said Tuesday that BAIC acquired the stake through a fully-owned subsidiary,...
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