Automobile manufacturing

May 30, 2019 - 8:53 am
DETROIT (AP) — The U.S. government's highway safety agency is investigating whether a 5-year-old General Motors seat belt recall fixed the problem. The recall covered about 1.4 million Chevrolet Traverse, Buick Enclave, GMC Acadia and Saturn Outlook SUVs from the 2009 through 2014 model years. GM...
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FILE - In this March 12, 2019, file photo, Renault Chairman Jean-Dominique Senard, left, speaks as Nissan CEO Hiroto Saikawa listens during a joint press conference at the Nissan headquarters in Yokohama, near Tokyo. Fiat Chrysler’s proposal to merge with Renault was presented to Nissan on Wednesday, May 29, adding another big question to the list of uncertainties facing the Japanese automaker. (AP Photo/Eugene Hoshiko, File)
May 29, 2019 - 2:53 am
TOKYO (AP) — Fiat Chrysler's proposal to merge with Renault was presented to Nissan on Wednesday, adding another big question to the list of uncertainties facing the Japanese automaker. Nissan Motor Co. has been slammed with nose-diving profits and a tarnished reputation since the arrest of its...
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The Fiat Chrysler Automobiles logo appears above a post on the floor of the New York Stock Exchange, Tuesday, May 28, 2019. Fiat Chrysler is proposing a merger with French carmaker Renault aimed at saving billions of dollars for both companies. (AP Photo/Richard Drew)
May 28, 2019 - 2:36 pm
Stocks turned broadly lower on Wall Street in afternoon trading Tuesday as investors shifted money into bonds, sending yields to their lowest level in nearly two years. Surging demand for government bonds dragged the yield on the 10 year Treasury to 2.26%, its lowest level since September 2017...
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The Fiat Chrysler Automobiles world headquarters is shown in Auburn Hills, Mich., Monday, May 27, 2019. Fiat Chrysler proposed on Monday to merge with France's Renault to create the world's third-biggest automaker, worth $40 billion, and combine forces in the race to make electric and autonomous vehicles. (AP Photo/Paul Sancya)
May 28, 2019 - 2:34 am
PARIS (AP) — France's finance minister says the planned merger between Renault and Fiat Chrysler will only happen if French jobs are protected. Speaking on RTL radio on Tuesday, Bruno le Maire said he has asked for "four guarantees" for the deal to go ahead, including that not a single job or...
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FILE - In this Feb. 14, 2019, file photo, this is the Fiat logo is mounted on a 2019 500 L on display at the 2019 Pittsburgh International Auto Show in Pittsburgh. Fiat Chrysler is proposing a merger with French carmaker Renault aimed at saving billions of dollars for both companies. (AP Photo/Gene J. Puskar, File)
May 27, 2019 - 4:12 pm
PARIS (AP) — Fiat Chrysler proposed on Monday to merge with France's Renault to create the world's third-biggest automaker, worth $40 billion, and combine forces in the race to make electric and autonomous vehicles. The merged company would reshape the global industry: it would produce some 8.7...
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May 25, 2019 - 4:38 pm
NEW YORK (AP) — Carmaker Fiat Chrysler Automobiles and French automaker Renault are in talks about a possible alliance, as both companies seek to address technological and regulatory challenges in the industry. A person with knowledge of the matter confirmed the advanced discussions, first reported...
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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. Shares of electric vehicle maker Tesla Inc. fell at the opening bell Thursday, May 23 but recovered into positive territory after an analyst predicted falling demand but Musk told employees that orders are up. The gyrations within an hour of when the markets opened were indicators of a volatile day for the shares, which have shed about 40 percent of their value this year and are trading at the lowest levels since late 2016. (AP Photo/Jae C. Hong, File)
May 23, 2019 - 4:32 pm
Shares of Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up. The company's stock closed up 1.4% to $195.49 on a volatile day that started out with a loss. Tesla stock has shed about 60% of its value in three...
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Daimler CEO Dieter Zetsche, left, and incoming Daimler CEO Ola Kaellenius, right, pose prior to the annual shareholder meeting of the car manufacturer Daimler in Berlin, Germany, Wednesday, May 22, 2019. (AP Photo/Michael Sohn)
May 22, 2019 - 4:21 am
FRANKFURT, Germany (AP) — Daimler CEO Dieter Zetsche is handing off to his successor after 13 years at the helm as the company faces challenges from the transition to electric cars and digital transportation technologies. Zetsche, 66, received prolonged applause from shareholders at the company's...
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FILE - In this Jan. 12, 2016, file photo, a ride share car displays Lyft and Uber stickers on its front windshield in downtown Los Angeles. One in six Uber and Lyft drivers in the New York City and Seattle areas are driving vehicles with outstanding recalls, according to Consumer Reports. But taking a taxi or limousine isn’t necessarily a safer option as nearly a quarter of traditional for-hire vehicles in New York City also have outstanding recalls, Consumer Reports said. (AP Photo/Richard Vogel, File)
May 21, 2019 - 7:43 pm
NEW YORK (AP) — One out of six Uber and Lyft drivers in the New York City and Seattle areas are driving vehicles with outstanding recalls, according to Consumer Reports. But taking a taxi or limousine isn't necessarily a safer option: nearly a quarter of traditional for-hire vehicles in New York...
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FILE - In this Jan. 14, 2018, file photo Ford President and CEO Jim Hackett prepares to address the media at the North American International Auto Show in Detroit. Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce. The company has said it was undertaking a major restructuring, and on Monday, May 20, 2019, said that it will have trimmed thousands of jobs by August. In a memo to employees, Monday, Hackett said the fourth wave of the restructuring will start on Tuesday, May 21 with the majority of cuts being finished by May 24. (AP Photo/Carlos Osorio, File)
May 20, 2019 - 11:37 am
DETROIT (AP) — Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10% of its global salaried workforce. The major revamp, which had been under way since...
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