• Volkswagen Q2 earns slip on restructuring, troubled markets

    Updated: 10 hr ago

    FRANKFURT, Germany (AP) — Automaker Volkswagen saw profits slip in the second quarter despite taking the global lead in sales over Toyota and GM. The company based in Wolfsburg, Germany, was hit by 180 million euros ($198 million) in restructuring costs at its MAN truck division. More...

  • US strength helps Goodyear top expectations

    Updated: 12 hr ago

    AKRON, Ohio (AP) — The Goodyear Tire & Rubber Co. on Wednesday reported a drop in second-quarter profit as a strong U.S. dollar cut into international sales, but the results beat Wall Street expectations. The tire maker's profit fell 9.9 percent to $192 million, or 70 cents per share....

  • Spanish competition authorities fine 20 auto companies

    Updated: 13 hr ago

    MADRID (AP) — Spain's competition authorities have fined 20 car manufacturers and distributors 171 million euros ($188 million) for practices it said constituted a cartel. A statement from the National Markets and Competition Commission said that the sanctioned companies "exchanged...

  • China auto sales slump hits industry fortunes

    Updated: 14 hr ago

    BEIJING (AP) — General Motors Co.'s $5 billion initiative to create cars for China and other emerging markets comes just as automakers face a collapse in the booming Chinese demand they were counting on to power their growth. June sales in the biggest car market by number of vehicles...

  • Nissan's quarterly profit up on cheap yen, US sales growth

    Updated: 15 hr ago

    TOKYO (AP) — Nissan's April-June profit jumped 36 percent as the Japanese automaker benefited from a cheap yen and better sales in the U.S. and Europe. Nissan Motor Co., which makes the March subcompact, Leaf electric car and Infiniti luxury models, reported Wednesday a fiscal first...

  • Asian stocks post cautious gains ahead of Fed statement

    Updated: 21 hr ago

    TOKYO (AP) — Asian stock markets mostly made modest gains Wednesday as the recent plunge in Chinese shares kept investors on edge and attention turned to a Federal Reserve meeting that might give clues about the timing of a U.S. interest rate hike. KEEPING SCORE: China's Shanghai...

  • From rents to haircuts, Americans start to feel price hikes

    Updated: 23 hr ago

    WASHINGTON (AP) — Apartment rents are up. So are prices for restaurant meals, haircuts, gym memberships and a cup of coffee. For American consumers who have become used to flat or even falling prices for several years, an unfamiliar sight has emerged in many corners of the economy:...

  • Washington governor seeks plan to limit carbon emissions

    Yesterday

    OLYMPIA, Wash. (AP) — Gov. Jay Inslee on Tuesday directed the state Department of Ecology to develop a plan to cap carbon emissions in the state and to increase enforcement of existing pollution laws, saying that the state can't wait for legislative action to address climate change....

  • US agency denies request for Fiat Chrysler investigation

    Yesterday

    DETROIT (AP) — U.S. auto safety regulators have rejected a request from an advocacy group to investigate power system failures in almost 5 million Fiat Chrysler vehicles that potentially could cause stalling and other problems. The National Highway Traffic Safety Administration said...

  • Ga. Judge cuts damages in Jeep fire death from $150M to $40M

    Yesterday

    DETROIT (AP) — A Georgia judge has cut the damages that Fiat Chrysler must pay the family of a child who died in a Jeep SUV fire from $150 million to $40 million. Decatur County Superior Court Judge J. Kevin Chason also denied Fiat Chrysler's motion for a new trial, dismissing...

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